PNB Housing Finance Limited has informed the Exchange regarding allotment of 30000 NCDs on March 30, 2026
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PNB Housing Finance has allotted 30,000 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1,00,000 each, totalling Rs. 300 Crore. The NCDs have a 3-year tenure, maturing on March 30, 2029, and are listed on the Wholesale Debt Market segment of NSE. The first coupon rate is 7.10%, after which the rate floats quarterly linked to the 3-Month Treasury Bill benchmark plus a spread of 187 basis points. The issue was placed privately through NSE's Electronic Book Provider (EBP) platform and is secured by an exclusive charge on specific book debts with at least 1x security coverage. In case of default, an additional 2% per annum interest over the coupon rate is payable.
The Rs. 300 Crore NCD raise strengthens PNB Housing Finance's long-term funding base at a competitive rate. For equity shareholders, this is a routine debt-raising event with no dilution; coupon rates reflect current market levels, and the secured nature of the bonds offers protection to debenture holders.