Bajaj Housing Finance allots ₹1,985.65 crore secured NCDs at 7.79% coupon
- Bajaj Housing Finance allotted ₹1,985.65 crore secured NCDs via private placement
- The instruments carry a 7.79% annual coupon rate and mature in August 2031
- Repayment is secured by a first pari-passu charge on book debts and loan receivables
- The debentures will be listed on the BSE Wholesale Debt Market Segment
*this image is generated using AI for illustrative purposes only.
Bajaj Housing Finance Ltd allotted ₹1,985.65 crore worth of secured redeemable non-convertible debentures (NCDs) through a private placement on September 8, 2026. The company’s Debenture Allotment Committee approved the issuance of 200,000 debentures, each with a face value of ₹100,000.
The allotment was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The funds raised include discount and accrued interest components.
Instrument Details
The NCDs carry a fixed coupon rate of 7.79% per annum. Interest payments are scheduled annually, with the first payment due on August 20, 2027. The principal amount will be repaid in full upon maturity on August 20, 2031.
| Metric | Details |
|---|---|
| Issue Size | ₹1,985.65 crore |
| Coupon Rate | 7.79% p.a. |
| Maturity Date | August 20, 2031 |
| Listing Venue | Wholesale Debt Market Segment of BSE |
| Security | First pari-passu charge on book debts |
Security and Structure
The repayment of principal and interest is secured by a first pari-passu charge on the company’s book debts and loan receivables. The security cover is equivalent to 1.00 times the aggregate outstanding value of the debentures.
The instruments are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. There are no special rights or privileges attached to these debentures.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.04% | -0.01% | -2.07% | -0.15% | -25.13% | 0.0% |
How will the 7.79% coupon rate impact Bajaj Housing Finance's net interest margins given the current trajectory of RBI policy rates?
What specific growth initiatives or asset quality improvements is the company planning to fund with the nearly ₹2,000 crore raised?
How does this private placement compare to the company's recent equity fundraising efforts in terms of capital structure optimization?
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