PNB Housing Finance Limited has informed the Exchange regarding allotment of 30000 NCDs on September 26, 2025.
PNBHOUSING · price
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Awaiting price reaction for this filing.
PNB Housing Finance has allotted 30,000 listed, secured, rated, taxable, redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,00,000 each, aggregating to Rs. 300 Crore. The NCDs were issued through private placement on the NSE EBP platform with a coupon rate of 7.43% per annum and a tenure of about 3 years (maturing on October 23, 2028). Interest will be paid annually starting October 23, 2025, with principal repayment at maturity. The instruments are secured by an exclusive charge on specific book debts with a minimum 1x security coverage.
This is a routine debt-raising exercise that strengthens the company's funding base for business growth. The 7.43% coupon is broadly in line with current market rates for AAA-rated housing finance NCDs, so no major positive or negative surprise for shareholders. Equity dilution is nil since these are non-convertible debentures.