PNB Housing Finance Ltd Approves Allotment of 30,500 NCDs Worth Rs. 305 Crore

PNB Housing Finance Ltd has approved the allotment of 30,500 Listed, Secured, Rated, Taxable, Redeemable NCDs of face value of Rs. 1,00,000 each, amounting to Rs. 305 Crore. The allotment has been made through private placement via the Electronic Book Provider (EBP) platform of NSE. The NCDs have a tenure of 5 years, maturing on February 27, 2031, and offer a coupon/interest of 7.59%. The principal and interest will be paid on the maturity date, with interest payable annually from March 01, 2027, to February 27, 2031. In case of default in payment, an additional interest of 2% p.a. over and above the coupon rate shall be payable by the Company for the defaulting period.