Bajaj Housing Finance allots NCDs worth Rs 2,034.68 crore
Bajaj Housing Finance has allotted 2,00,000 secured redeemable non-convertible debentures (NCDs) aggregating Rs 2,034.6788 crore on a private placement basis. The NCDs carry a coupon rate of 8.25% per annum and have a residual tenure of 1,810 days, maturing on 27 May 2031. The issuance is secured by a first pari-passu charge on book debts and loan receivables.
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Bajaj Housing Finance has allotted 2,00,000 secured redeemable non-convertible debentures (NCDs) aggregating Rs 2,034.6788 crore on a private placement basis to raise capital. The Debenture Allotment Committee approved the issuance on 12 June 2026, with the instruments carrying a coupon rate of 8.25% per annum. The funds were raised through a private placement, and the debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The NCDs were allotted at a face value of Rs 1,00,000 each, including premium and accrued interest. The issuance is secured by a first pari-passu charge on the book debts and loan receivables of the company, ensuring security cover equivalent to 1.00 time the aggregate outstanding value of the debentures. The ISIN for the re-issue is INE377Y07656.
The instruments have a residual tenure of 1,810 days, with a maturity date set for 27 May 2031. Interest payments will be made annually, commencing on 27 May 2027. The final interest payment along with the principal repayment is scheduled for 27 May 2031.
Key Details of the Allotment
| Particulars | Details |
|---|---|
| Size of the issue | Rs 2,034.6788 crore |
| Number of NCDs allotted | 2,00,000 |
| Face value | Rs 1,00,000 each |
| Coupon rate | 8.25% p.a. |
| Tenure | 1,810 days (Residual) |
| Date of allotment | 12 June 2026 |
| Date of maturity | 27 May 2031 |
| Listing | Wholesale Debt Market Segment of BSE Limited |
The schedule for payments includes interest due dates on 27 May for the years 2027, 2028, 2029, and 2030. The fifth interest payment and the principal repayment will occur concurrently on the maturity date. There are no special rights, privileges, or delays in payment associated with these instruments.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.11% | +1.40% | -1.94% | -11.72% | -32.44% | -48.73% |
How will this significant capital infusion impact Bajaj Housing Finance's loan growth and market share over the next five years?
Given the 8.25% coupon rate, how might rising interest rate environments affect the company's cost of borrowing for future debt issuances?
What specific segments of the housing finance market does the company plan to target with the proceeds from this Rs 2,034.68 crore raise?
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