PNB Housing Finance Limited has approved the allotment of 30,500 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs). The total aggregate value of the issue is ₹305 Crore. These instruments, carrying a 7.59% coupon rate, were allotted on February 27, 2026, and mature in five years on February 27, 2031. The placement utilized the NSE’s Electronic Book Provider (EBP) platform.
Details of New Debt Instrument Issuance
PNB Housing Finance Limited announced the successful allotment of a new series of Non-Convertible Debentures (NCDs) on February 27, 2026. The issuance comprised 30,500 instruments, each with a face value of Rs. 1,00,000, resulting in a total issuance size aggregating to Rs. 305 Crore. These debentures are designated as 7.59% PNB Housing Finance Limited 2031 Series LXXIV.
Key Terms and Conditions
The tenure for these instruments is 5 Years, with the final maturity date set for February 27, 2031. The instruments carry a fixed annual coupon rate of 7.59%. Interest payments are scheduled semi-annually, falling on March 01, 2027, and subsequently on February 27th of the following years until maturity in 2031. Principal repayment is due in full upon maturity.
Security and Listing Information
The NCDs are Listed, Secured, and Rated. Security has been established via an exclusive charge on the specific book debts of the Company, ensuring a minimum security coverage ratio of 1 time. The instruments are slated for listing on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE).
Default Provisions
In the event of a default in the timely payment of interest or principal redemption, the Company will be liable to pay an additional interest rate of 2% per annum over and above the stated coupon rate for the entire defaulting period.
Source: BSE
