PNB Housing Finance Allots ₹375 Crore in NCDs via Private Placement
PNB Housing Finance Limited has allotted 37,500 Non-Convertible Debentures (NCDs) worth ₹375 Crore. The NCDs carry an interest rate of 7.5343% and mature in 5 years on January 13, 2031. The fundraising was conducted via private placement on January 13, 2026.
The issuance of NCDs of ₹375 Crore is a material amount and will impact the company's capital structure and debt levels.
The announcement is a routine debt fundraising activity and does not contain any significantly positive or negative news for the company.
PNB Housing Finance Limited (PNBHOUSING) announced the allotment of 37,500 Listed, Secured, Rated, Taxable, Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹375 Crore. The allotment was approved by the Management Committee for allotment of Non-Convertible Debentures, as authorized by the Board of Directors, on January 13, 2026.
The NCDs have a tenure of 5 years, with a coupon/interest rate of 7.5343% per annum. The principal will be repaid in full at maturity on January 13, 2031. Interest payments are scheduled for January 13, 2027, January 13, 2028, January 15, 2029, January 14, 2030, and January 13, 2031.
The allotment was made through private placement via the Electronic Book Provider (EBP) platform of NSE and will be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. (NSE). The NCDs are secured by an exclusive charge on specific book debts of the Company with a minimum security coverage of 1 time. In case of default in payment of interest or principal on the due dates, an additional interest of 2% per annum will be payable for the defaulting period.
What to do with a filing like this
PNB Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by PNB Housing Finance Limited. Read the original for the full detail.