Bajaj Housing Finance Allots Secured NCDs Worth Rs. 1008.3292 Crore on Private Placement Basis
Bajaj Housing Finance Ltd has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The company confirmed that its Debenture Allotment Committee, at a meeting held on April 17, 2026, allotted 1,00,000 NCDs, each having a face value of Rs. 1,00,000, aggregating to Rs. 1008.3292 crore (including discount and accrued interest).The total issue size for the debentures stands at Rs. 1008.3292 crore. The debentures are set to be listed on the Wholesale Debt Market Segment of BSE Limited.
The NCDs carry a coupon rate of 7.25% per annum. The first interest payment is scheduled for January 22, 2027, followed by annual payments thereafter. The principal repayment is set for January 22, 2029.
The debentures are secured by a first pari passu charge on book debts or loan receivables, where the security cover must be equivalent to 1.00 time the aggregate outstanding value of the debentures being issued under this document dated July 2, 2025.
Key details regarding the debenture allotment are summarized below:
| Particulars | Details |
|---|---|
| Issue Size | Rs. 1008.3292 crore |
| Allotted NCDs | 1,00,000 |
| Face Value per NCD | Rs. 1,00,000 |
| Coupon Rate | 7.25% p.a. |
| ISIN | INE377Y07623 (Re-issue) |
| Allotment Date | 17 April 2026 |
| Maturity Date | 22 January 2029 |
| Residual Tenure | 1011 days |
The repayment schedule for the coupon and interest, along with the principal, is structured across three payments: the first interest payment on January 22, 2027; the second interest payment on January 22, 2028; and the third interest payment and principal repayment on January 22, 2029.
The debentures are redeemable upon maturity. The allotment of these secured debentures strengthens the company's capital structure, providing financing through private placement.
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Shares of Bajaj Housing Finance Limited are rallying to ₹90.54, marking a 1.50% gain as of 1:22 PM today. The stock sees strong interest in the live market, with over 4.67 million shares trading throughout the session.Source:
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