PNB Housing Finance Gets Board Nod to Allot Debentures Worth INR4 Billion

MT Newswires Live

2025/07/23

PNB Housing Finance (NSE:PNBHOUSING, BOM:540173) has received board approval to allot non-convertible debentures worth 4 billion Indian rupees on a private placement basis, according to a Wednesday filing to the Indian stock exchanges.

The company will allot 40,000 listed, secured, rated, taxable, redeemable non-convertible debentures of the face value of 100,000 each.

The debentures carry a coupon rate of 7.43% and are scheduled to mature on July 23, 2030. They will be listed on the wholesale debt market segment of the National Stock Exchange of India.

The company's shares were down over 2% in recent trade.

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