PNB Housing Finance Allots ₹300 Crore NCDs at 7.43% Coupon Rate

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PNB Housing Finance has announced the allotment of listed, secured, rated, taxable, redeemable non-convertible debentures (NCDs) totaling ₹300 crore. The allotment was approved by the Management Committee for NCDs on September 26, 2025.

The NCDs have a face value of ₹1,00,000 each and were placed privately through the EBP Platform of the National Stock Exchange (NSE). The coupon interest offered is 7.43%.

The tenure of the instrument is 3 years and 27 days, with a maturity date of October 23, 2028. The NCDs are secured by an exclusive charge on the specific book debts of the company, with a minimum security coverage of 1 time.

In the event of a default in the payment of interest or redemption of the principal amount on the due dates, PNB Housing Finance will pay additional interest of 2% per annum above the coupon rate for the defaulting period.

The redemption amount will be repaid in full at maturity on October 23, 2028, as per the term sheet. The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of the NSE.

The scrip code for PNB Housing Finance is 540173, and the symbol is PNBHOUSING. The company is registered with CIN: L65922DL1988PLC033856 and has its registered office at 9th Floor, Antriksh Bhavan, 22 Kasturba Gandhi Marg, New Delhi – 110 001.

The redemption amount shall be repaid in full at maturity on October 23, 2028, as mentioned in the term sheet.