Bajaj Housing Finance Ltd Allots Rs 1,501 Crore in Secured NCDs via Private Placement
Bajaj Housing Finance Ltd has announced the allotment of 1,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The total size of the issuance is reported at Rs 1,501.0655 crore, which includes premium and was allotted on July 7, 2026.The company confirmed that these NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Key Terms and Repayment Structure
The instruments have a tenure of 1,179 days. The debentures were issued with an annual coupon rate set at 7.53%. The maturity date for the NCDs has been fixed as September 28, 2029.A complete repayment schedule details four payments. The first interest payment is scheduled for September 28, 2026. Subsequent payments are slated for September 28, 2027 and September 28, 2028. The final payment in September 2029 includes the principal repayment along with the fourth interest installment.
The debenture repayments, associated interest, Trustees' remuneration, and other related monies are secured by a first pari passu charge on book debts and loan receivables. This security cover is required to be equivalent to 1.00 time the aggregate outstanding value of debentures under the General Information Document dated July 2, 2025.
Details regarding this issuance are summarized below:
| Particulars | Details |
|---|---|
| Issue Size | Rs 1,501.0655 crore |
| Number of NCDs Allotted | 1,50,000 |
| Face Value per NCD | Rs 1,00,000 |
| Maturity Date | September 28, 2029 |
| Annual Coupon Rate | 7.53% |
| Security Provided | First pari passu charge on book debts/loan receivables |
BAJAJHFL Stock Price Movement
As of 12:22 PM, shares of Bajaj Housing Finance Limited are slipping by 1.48% in live trading, currently at ₹88.77. The stock is seeing high activity on a volume of 1.85 million shares as it moves through the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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