PNB Housing Finance raises ₹245 crore through NCDs

PNB Housing Finance Limited announced the allotment of 24,500 listed, secured, rated, taxable, redeemable non-convertible debentures, each with a face value of ₹100,000, totaling ₹245 crore. This private placement was approved by the company's management committee on December 5, 2025.

The debentures, identified as 7.28% PNB Housing Finance Limited 2028 Series LXXII, will be listed on the Wholesale Debt Market (WDM) Segment of the National Stock Exchange of India Ltd. The instrument has a tenure of two years and six months, with a maturity date of June 5, 2028.

Interest payments are scheduled for June 5, 2026; June 7, 2027; and June 5, 2028. An exclusive charge on specific book debts of the company will serve as security for the debentures, with a minimum security coverage of one time. In case of default, an additional interest of 2% per annum above the coupon rate will apply.