Piramal Capital & Housing Finance Limited

Piramal Capital & Housing Finance Limited Secured NCD Public Tranche I - Issue Opens on July 12, Coupon Rate Upto 9.00% p.a.^#

·         Secured NCDs of a face value of Rs. 1,000 each. Minimum Application Size: Rs 10,000 (10 NCDs) across all series collectively and in multiples of ₹1,000 (1NCD) thereafter;

·         The Tranche I Issue includes a Base Issue Size for an amount of Rs. 200 crores (“Base Issue Size”) with an option to retain oversubscription up to Rs. 800 crores aggregating up to Rs. 1,000 crores (“Tranche I Issue”) which is within the Shelf Limit

·         Total Shelf Size/Shelf Limit: Rs 2000 crores

·         Rated as CARE AA (CWD) (Under Credit Watch with Developing Implications) by Care Ratings Limited and ICRA AA with outlook (Negative) by ICRA Limited

·         Coupon rate upto 9.00% p.a.^#

·         The Tranche I Issue opens on July 12, 2021 and closes on July 23, 2021^# (with an option of early closure or extension)

·         Allotment would be on first come first serve basis

^#For further details please refer Shelf Prospectus and Tranche I Prospectus each dated June 30, 2021

Mumbai, 7 July, 2021: Wholly owned subsidiary of Piramal Enterprises Ltd, Piramal Capital & Housing Finance Limited (PCHFL), a non-deposit taking housing finance company, into wholesale and retail funding, has announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of Rs. 1,000 each (“Secured NCDs”). The Tranche 1 Issue opens on July 12, 2021 and closes on July 23, 2021 (with an option of early closure or extension).

The Tranche I Issue has a base issue size of Rs. 200 crores with an option to retain oversubscription up to Rs 800 crores, aggregating up to Rs. 1,000 crores (“Tranche 1 Issue”). The NCDs are proposed to be listed on BSE and NSE (collectively, “Stock Exchanges”) with BSE as the Designated Stock Exchange for the Issue. The NCDs have been rated CARE AA(CWD) (Under Credit Watch with Developing Implications) by CARE Ratings Ltd and ICRA (AA) with outlook (negative) by ICRA Ltd.

The terms of each series of NCDs, offered under Tranche I Issue are set out below:

Series		I		II		III*	IV		V
Interest Type		Fixed		Fixed		Fixed	Fixed		Fixed
Frequency of Interest Payment		Annual		Cumulative		Annual	Annual		Annual
Type of NCDs		Secured
Minimum Application		₹10,000 (10 NCDs) across all Series
In Multiples of thereafter (₹)		₹ 1,000/- (1 NCD)
Face Value/ Issue Price of NCDs (₹/NCD)		₹ 1,000
Tenor from Deemed Date of Allotment		26 months		26 months		36 months	60 months		120 months
Coupon (% per annum) for NCD Holders in Category I & II		8.10%		NA		8.25%	8.50%		8.75%
Coupon (% per annum) for NCD Holders in Category III & IV		8.35%		NA		8.50%	8.75%		9.00%
Effective Yield (% per annum) for NCD Holders in Category I & II		8.12%		8.10%		8.24%	8.50%		8.74%
Effective Yield (% per annum) for NCD Holders in Category III & IV		8.37%		8.35%		8.49%	8.75%		8.99%
Mode of Interest Payment		Through various mode available
Amount (₹ / NCD) on Maturity for NCD Holders in Category I & II	₹1,000		₹1184.20		₹1,000			₹1,000	₹1,000
Amount (₹ / NCD) on Maturity for NCD Holders in Category III & IV	₹1,000		₹1190.15		₹1,000			₹1,000	₹1,000
Put and Call Option	Not Applicable