Bajaj Housing Finance allots ₹807.82 crore NCDs at 7.79% coupon
- Bajaj Housing Finance Limited allotted 81,500 NCDs aggregating ₹807.82 crore
- Instruments carry a fixed annual coupon rate of 7.79%
- Debentures mature on August 20, 2031, with annual interest payments starting August 2027
- Issued via private placement with first pari-passu charge on loan receivables
*this image is generated using AI for illustrative purposes only.
Bajaj Housing Finance Limited allotted 81,500 secured redeemable non-convertible debentures (NCDs) aggregating ₹807.82 crore on a private placement basis. The allotment was executed at a face value of ₹1,00,000 per debenture, with the instruments carrying an annual coupon rate of 7.79%.
The transaction was approved by the company’s Debenture Allotment Committee during its meeting held on September 25, 2026. The intimation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirming the issuance details to stock exchanges.
Instrument Details and Tenure
The debentures have a residual tenure of 1,790 days, maturing on August 20, 2031. Interest payments are scheduled annually, commencing on August 20, 2027, with principal repayment due at maturity alongside the final interest installment.
| Particular | Details |
|---|---|
| Total Size | ₹807.82 crore |
| Face Value | ₹1,00,000 per unit |
| Quantity Allotted | 81,500 units |
| Coupon Rate | 7.79% p.a. |
| Maturity Date | August 20, 2031 |
| Listing Segment | Wholesale Debt Market, BSE |
Security and Repayment Structure
The NCDs are secured by a first pari-passu charge on book debts and loan receivables. The security cover is maintained equivalent to 1.00 times the aggregate outstanding value of the debentures issued under the General Information Document dated June 30, 2026. The company confirmed no delays in payment of interest or principal amounts for this instrument series.
What the Numbers Show
The issuance represents a re-issue of existing debt instruments, indicated by the ISIN code associated with prior tranches. With a fixed coupon of 7.79% and a five-year residual life, the structure provides predictable cash outflows for the NBFC. The private placement route allows for efficient capital raising without the immediate public market pricing volatility, while the listing on the BSE Wholesale Debt Market segment ensures liquidity for institutional investors.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.80% | -0.48% | -2.08% | +4.51% | -26.39% | -50.12% |
How will the ₹807.82 crore capital infusion impact Bajaj Housing Finance's loan-to-deposit ratio and overall leverage metrics in the upcoming quarters?
Given the 7.79% coupon rate, how does this cost of funds compare to recent peer NBFC issuances and what does it signal about Bajaj's current credit standing?
What are the potential implications for Bajaj Housing Finance's net interest margin as this new debt layer enters its repayment cycle starting in 2027?
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