PNB Housing Finance Allots Rs 500 Crore in Secured NonConvertible Debentures
PNB Housing Finance Limited has approved and executed the allotment of NonConvertible Debentures (NCDs) worth Rs 500 Crore. The allotment was finalized on June 09, 2026, through a private placement conducted via the Electronic Book Provider (EBP) platform of the National Stock Exchange of India Ltd (NSE).The Company's Management Committee, authorized by the Board of Directors, approved the issue of 50,000 Listed, Secured, Rated, Taxable, Redeemable NCDs. Each debenture has a face value of Rs 1,00,000, aggregating to the total amount of Rs 500 Crore.
The NCDs are scheduled for listing on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. and have a tenure of five years. The allotment date is June 09, 2026, with the maturity date set for June 09, 2031.
The debentures are offered at a coupon rate of 8.35% per annum (p.a.). The payment schedule specifies interest payments on June 09 of 2027, 2028, 2029, 2030, and 2031. Repayment of the principal amount is scheduled for maturity on June 09, 2031.
The issuance carries a specific security charge: an exclusive charge on the Company's specific book debts, providing a minimum security coverage of 1 time. There are no special rights or privileges attached to these debentures.
In the event of a default in payment of interest and/or redemption of the principal amount on the due dates, additional interest at 2% p.a. above the coupon rate shall be payable by PNB Housing Finance Limited for the defaulting period.
The terms relating to the NCDs are summarized below:
| Term | Particulars |
|---|---|
| Total Size of Issue | 50,000 Debentures aggregating Rs 500 Crore |
| Face Value per Debenture | Rs 1,00,000/- |
| Coupon Rate | 8.35% p.a. |
| Allotment Date | June 09, 2026 |
| Maturity Date | June 09, 2031 (5 Years Tenure) |
| Security/Charge | Exclusive charge on specific book debts (min. 1x coverage) |
PNBHOUSING Stock Price Movement
Today, PNB Housing Finance Limited shares edged higher to close at ₹989, reflecting a 1.74% gain. The stock traded within a range of ₹974.5 to ₹998.5 during the session and saw a volume of 648,241 shares recorded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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