PNB Housing Finance Limited has informed the Exchange regarding allotment of 40000 NCDs at its meeting held on July 23, 2025.
PNBHOUSING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
PNB Housing Finance's Management Committee approved the allotment of 40,000 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs) on July 23, 2025 through private placement. Each NCD has a face value of Rs. 1,00,000, taking the total issue size to Rs. 400 Crore. The NCDs carry a coupon rate of 7.4342% per annum with a 5-year tenure, maturing on July 23, 2030, and are proposed to be listed on the WDM segment of NSE. The instruments are secured by an exclusive charge on specific book debts of the company with a minimum 1x security coverage.
The company is raising Rs. 400 Crore of fresh debt, which will expand its borrowing book and provide additional capital for housing loan disbursements. For equity shareholders, this is a non-dilutive raise but increases leverage and interest obligations, though the 7.43% coupon is competitive and the 5-year bullet maturity avoids near-term refinancing risk.