PNB Housing Finance allots ₹500 crore NCDs at 8.35% coupon
PNB Housing Finance allotted 50,000 Non-Convertible Debentures (NCDs) aggregating ₹500 crore on June 09, 2026. The secured, taxable NCDs carry a coupon rate of 8.35% per annum and mature on June 09, 2031. The allotment was made through private placement on the NSE's Electronic Book Provider platform.

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PNB Housing Finance allotted 50,000 Non-Convertible Debentures (NCDs) aggregating ₹500 crore on June 09, 2026, to raise capital through private placement. The secured, taxable, and redeemable NCDs carry a coupon rate of 8.35% per annum, providing a fixed return to investors over a five-year tenure. The instruments were issued via the Electronic Book Provider (EBP) platform of the National Stock Exchange of India Limited (NSE).
The debentures, designated as the 8.35% PNB Housing Finance Limited 2031 Series LXXVI, have a face value of ₹1,00,000 each. They will be listed on the Wholesale Debt Market (WDM) Segment of the NSE. The security structure includes an exclusive charge on the specific book debts of the company, ensuring a minimum security coverage of 1 time.
Interest payments are scheduled annually on June 09 each year, starting from June 09, 2027, until maturity. The principal amount will be repaid in full on the maturity date of June 09, 2031. In the event of a default in interest or principal repayment, the company is liable to pay additional interest at 2% per annum over the coupon rate for the period of default.
Key Details of the Allotment
| S. No. | Terms | Particulars |
|---|---|---|
| 1. | Size of the issue | 50,000 NCDs of face value ₹1,00,000 each aggregating ₹500 crore |
| 2. | Listing status | Yes, on NSE Wholesale Debt Market Segment |
| 3. | Tenure | 5 Years (Allotment: June 09, 2026; Maturity: June 09, 2031) |
| 4. | Coupon rate | 8.35% p.a. |
| 5. | Interest payment dates | June 09, 2027; June 09, 2028; June 09, 2029; June 09, 2030; June 09, 2031 |
| 6. | Security | Exclusive charge on specific book debts (1x coverage) |
| 7. | Default penalty | Additional interest of 2% p.a. over the coupon rate |
Historical Stock Returns for PNB Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.95% | -1.40% | -9.37% | +13.27% | -12.17% | +40.00% |
How will the proceeds from this ₹500 crore issuance impact PNB Housing Finance's capital adequacy ratio and lending capacity?
What does the 8.35% coupon rate indicate about the current market perception of PNB Housing Finance's credit risk?
Will this successful private placement encourage the company to raise additional debt capital through similar instruments in the near future?


































