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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.