PNB Housing Finance allots ₹500 crore NCDs at 8.35% coupon
PNB Housing Finance allotted 50,000 secured, rated, taxable, and redeemable NCDs aggregating ₹500 crore on June 09, 2026. The debentures, issued via the NSE EBP platform, carry a coupon rate of 8.35% per annum and mature on June 09, 2031. The instruments are secured by an exclusive charge on specific book debts and listed on the NSE Wholesale Debt Market segment.

*this image is generated using AI for illustrative purposes only.
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 |
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE572E01012/dc65f2c3a5504ed0.pdf
Historical Stock Returns for PNB Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.29% | +2.89% | +2.07% | +11.31% | -5.19% | +85.82% |
How will the 8.35% coupon rate impact PNB Housing Finance's cost of borrowing compared to its previous debt issuances?
What is the intended use of the ₹500 crore raised, and how will it influence the company's loan growth strategy?
How might the exclusive charge on specific book debts affect the company's liquidity and ability to leverage its assets further?































