PHPNB Housing Finance540173NCD issuance

Allotment of 25,365 NCDs aggregating ₹253.65 crore at 8.4552% coupon, tenure 5 years

PNB Housing Finance has allotted 25,365 Non-Convertible Debentures (NCDs) on a private placement basis, via the EBP platform of NSE.

By ScoutQuest · Fri 23 Oct 2026, 1:06 PM IST · 2 min read

NCDs allotted

25,365 Non-Convertible Debentures

Total amount raised

₹253.65 crore (Rupees Two Hundred Fifty Three Crore and Sixty Five Lakhs)

Coupon and tenure

8.4552% p.a.; tenure 5 years, maturing October 23, 2031

Fresh borrowing through debentures: PNB Housing Finance Limited has allotted 25,365 Non-Convertible Debentures (NCDs) on a private placement basis, through the Electronic Book Provider (EBP) platform of NSE. The Management Committee for allotment of NCDs, as authorised by the Board of Directors, approved the allotment on October 23, 2026.

The debentures are described in the update as Listed, Secured, Rated, Taxable and Redeemable, forming the 8.4552% PNB Housing Finance Limited 2031 Series LXXIX issue placed with eligible investors.

The issue in numbers

• Number of NCDs: 25,365
• Face value per NCD: ₹1,00,000
• Total amount raised: ₹253.65 crore (Rupees Two Hundred Fifty Three Crore and Sixty Five Lakhs)
• Coupon (interest rate): 8.4552% p.a.
• Tenure: 5 Years

Dates to note

• Date of allotment: October 23, 2026
• Date of maturity: October 23, 2031
• Interest payment dates: October 23, 2027; October 23, 2028; October 23, 2029; October 23, 2030; and October 23, 2031
• Principal repayment: in full at maturity on October 23, 2031, as per the term sheet

In simple terms, an NCD is a loan given to the company by investors, which the company pays back on a fixed future date with periodic interest. Here the company pays 8.4552% a year and returns the principal after 5 years.

Security and other terms

• An exclusive charge has been created on the specific book debts of the Company, with minimum security coverage of 1 time
• The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) segment of the National Stock Exchange of India Ltd.
• There are no special rights or privileges attached to the Debentures
• If interest and/or redemption of principal is delayed beyond the due dates, an additional interest of 2% p.a. over and above the coupon rate is payable by the Company for the defaulting period

How a retail investor can read this

• The company has raised ₹253.65 crore of long-term money for 5 years, which lengthens the tenor of its borrowings.
• The coupon of 8.4552% p.a. is the fixed cost the company will pay on this money every year until 2031.
• The borrowing is secured by an exclusive charge on specific book debts, with minimum security coverage of 1 time.
• The debentures are proposed to be listed on the NSE Wholesale Debt Market segment, which is the exchange's platform for debt securities.

This is an allotment of debt securities by the company; the disclosure sets out the size, interest rate, tenure, security and repayment schedule of the issue so investors can judge the cost and terms of the fresh borrowing.

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