PNB Housing Finance Limited — Important, 06-12-2024: General Updates

PNB Housing Finance has provided an update on the issuance of non-convertible debentures (NCDs) through private placement. The company has issued 28,000 secured, redeemable, rated NCDs in the 2027 Series LXVI with a face value of ₹1,00,000 each, totaling ₹280 crore. These debentures carry an 8.15% coupon rate, with payment scheduled for November 29, 2024, for the principal and annually thereafter for interest starting November 29, 2025. Additionally, 30,000 NCDs were issued under the 2027 Series LXV, aggregating ₹300 crore, with a similar interest structure and a scheduled allotment date of October 14, 2024. Both series of debentures are set to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India. This ongoing financing initiative could enhance the company’s capital structure and provide a positive outlook for future projects.