PNB Housing Finance Limited has announced the approval of its Management Committee for the allotment of Non-Convertible Debentures (NCDs). A total of 25,365 NCDs with a face value of ₹1,00,000 each have been approved, aggregating to ₹2,53,65,00,000 (Rupees Two Hundred Fifty-Three Crore and Sixty-Five Lakhs Only). The allotment was made through a private placement via the Electronic Book Provider platform of NSE, with a coupon rate of 8.4552% p.a. and maturity on October 23, 2031.
PNB Housing Finance Secures Funding via NCD Allotment
PNB Housing Finance Limited has successfully completed a significant fundraising exercise through the allotment of Non-Convertible Debentures (NCDs). The company’s Management Committee, authorized by the Board of Directors, has approved the issuance and allotment of 25,365 NCDs. Each NCD has a face value of ₹1,00,000, bringing the total aggregate value of this issuance to ₹2,53,65,00,000, which translates to Rupees Two Hundred Fifty-Three Crore and Sixty-Five Lakhs Only.
Key Details of the NCD Issue
The allotment, finalized on October 23, 2026, was conducted via a private placement utilizing the Electronic Book Provider (EBP) platform of the National Stock Exchange (NSE). These are Listed, Secured, Rated, Taxable, and Redeemable NCDs, identified as PNB Housing Finance Limited 2031 Series LXXIX. The NCDs carry a coupon rate of 8.4552% per annum. The tenure of these instruments is 5 years, with the principal amount scheduled for repayment on October 23, 2031.
Security and Default Provisions
An exclusive charge has been created over the specific book debts of the Company, with a minimum security coverage of 1 time. In the event of default in payment of interest or principal beyond a period of three months from the due date, the Company shall be liable to pay an additional interest of 2% per annum over the coupon rate for the defaulting period.
Listing and Future Plans
The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE). This strategic move underscores PNB Housing Finance’s ongoing efforts to strengthen its capital base and support its growth initiatives through diverse funding avenues.
Source: BSE
