PNB Housing Finance Limited — QIP/Rights/Pref., 07-01-2025: Allotment of Securities

PNB Housing Finance has announced the allotment of 40,000 listed, secured, rated, taxable, redeemable non-convertible debentures (NCDs) with a face value of Rs. 1 lakh each, totaling Rs. 400 crore. The NCDs will offer an interest rate of 8.104% and are set to mature on April 20, 2028. Interest payments are scheduled to occur annually on January 7th and at maturity. The company has created an exclusive charge on specific book debts as security for the debentures, with a minimum coverage ratio of 1:1.