Aadhar Housing Finance allots ₹250 crore NCDs via private placement
Aadhar Housing Finance has allotted 25,000 NCDs aggregating ₹250 crore on a private placement basis. The debentures have a tenor of 3 years, 1 month, and 16 days, maturing on August 3, 2029, with a coupon rate linked to the 3-month T-bill rate. ICRA Limited has rated the instrument 'ICRA AA Positive', and the NCDs are secured by a pari passu first charge on the company's book debts and current assets.
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Aadhar Housing Finance has allotted 25,000 Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) aggregating ₹250 crore on a private placement basis to raise capital. The NCDs, which carry a face value of ₹1,00,000 per debenture, were allotted by the company's Management Committee of the Board of Directors on June 18, 2026. The issuance aims to bolster the company's financial resources through debt instruments secured by its assets.
The debentures have a tenor of 3 years, 1 month, and 16 days, with a deemed date of allotment set as June 18, 2026, and a maturity date of August 3, 2029. The coupon rate will be determined as the simple average of the 3-month T-bill rate over five working days from June 8 to June 12, 2026, plus a spread. Interest payments are scheduled annually on August 3, starting from 2026 until maturity, while the principal will be repaid on the redemption date.
ICRA Limited has assigned a rating of "ICRA AA Positive (Double A; Outlook: Positive)" to the instrument. The security is backed by a pari passu first charge on the company's standard book debts, outstanding moneys, receivables, and current assets, excluding those charged in favour of the National Housing Bank for refinance. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Key Terms of the Issue
| Particulars | Details |
|---|---|
| Type of Security | Senior Secured Rated Redeemable Listed Non-Convertible Debentures |
| Total Number of Securities | 25,000 NCDs |
| Issue Size | ₹250 crore |
| Face Value | ₹1,00,000 per Debenture |
| Tenor | 3 Years 1 month and 16 days |
| Redemption Date | August 3, 2029 |
| Rating | ICRA AA Positive |
| ISIN | INE883F07413 |
Historical Stock Returns for Aadhar Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.77% | +1.86% | +14.06% | +5.84% | +15.42% | +59.42% |
How will the proceeds from this NCD issuance be allocated to support Aadhar Housing Finance's growth strategy?
What impact will this additional debt have on the company's leverage ratios and overall credit profile?
How might the fluctuating 3-month T-bill rate affect the coupon rate and future interest obligations for Aadhar Housing Finance?
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