PNB Housing Finance allots ₹500 crore NCDs at 7.83% coupon
PNB Housing Finance allotted 50,000 secured, rated NCDs worth ₹500 crore on July 09, 2026, via private placement on the NSE. The instruments carry a 7.83% coupon and mature on August 07, 2029, with interest payable annually.

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PNB Housing Finance has allotted 50,000 Non-Convertible Debentures (NCDs) aggregating to ₹500 crore on July 09, 2026. The issuance carries a fixed coupon rate of 7.83% per annum, with the debentures set to mature on August 07, 2029. The secured instruments are rated and taxable, issued via private placement on the Electronic Book Provider platform of the National Stock Exchange of India Limited.
Key Details of the NCD Allotment
The following table summarises the key parameters of the NCD issuance:
| Parameter | Details |
|---|---|
| Number of NCDs Allotted | 50,000 |
| Total Value | ₹500 crore |
| Coupon Rate | 7.83% per annum |
| Date of Allotment | July 09, 2026 |
| Maturity Date | August 07, 2029 |
| Tenure | 3 Years 29 Days |
The debentures have a face value of ₹1,00,000 each. Interest payments are scheduled annually on August 07, commencing from 2026 until maturity in 2029. The principal amount will be repaid in full at maturity. The debt instrument carries 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 interest or principal repayment, the company will pay an additional interest of 2% per annum over the coupon rate for the defaulting period. The debentures will be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE572E01012/0de26b8797bb43ff.pdf
Historical Stock Returns for PNB Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.20% | -4.55% | -0.09% | +22.77% | +2.66% | +84.57% |
How will the proceeds from this ₹500 crore issuance be utilized to support PNB Housing Finance's lending growth?
What impact will this 7.83% coupon rate have on the company's overall cost of borrowing and net interest margins?
Will this successful private placement encourage the company to raise additional capital through similar debt instruments in the near future?


































