PNB Housing Finance Allots ₹500 Cr NCDs

PNB Housing Finance Limited announced the allotment of 50,000 Non-Convertible Debentures (NCDs) worth ₹500 Crore. The allotment was approved by the company's Management Committee and was made through private placement via the NSE's Electronic Book Provider platform. These are listed, secured, rated, taxable, and redeemable NCDs with a face value of ₹1,00,000 each, carrying an interest rate of 8.35% per annum. The tenure of the NCDs is 5 years, maturing on June 09, 2031. The company has created an exclusive charge on specific book debts as security.