Loan & Debt17 Sept 2026, 01:04 pm
PNB Housing Finance Allots ₹500 Cr NCDs
AI Summary
PNB Housing Finance Ltd has announced the allotment of 50,000 Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹500 crore. The allotment was approved by the Management Committee on September 17, 2026, via private placement through the NSE's Electronic Book Provider (EBP) platform. These NCDs are listed, secured, rated, taxable, and redeemable with a tenure of 5 years, carrying a coupon rate of 8.135% per annum. The maturity date is September 17, 2031. The issuance is secured by an exclusive charge on specific book debts.
Key Highlights
- PNB Housing Finance allotted ₹500 crore in NCDs.
- NCDs carry an 8.135% annual coupon rate.
- The debt instrument has a 5-year tenure, maturing in 2031.
- Allotment was made via private placement on NSE's EBP platform.
- NCDs are secured by a charge on the company's book debts.
Price Impact
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