Bajaj Housing Finance Allots 50,000 NCDs Aggregating ₹500 Crore on Private Placement Basis
Bajaj Housing Finance allotted 50,000 Secured Redeemable NCDs at Rs. 1,00,000 each, totalling Rs. 500 crore, on 18 May 2026 via private placement. The NCDs carry a coupon of 7.83% p.a. payable annually and on maturity, with a tenure of 1,096 days maturing on 18 May 2029, and are to be listed on BSE's Wholesale Debt Market Segment.
*this image is generated using AI for illustrative purposes only.
Bajaj Housing Finance has allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) at a face value of Rs. 1,00,000 each, aggregating Rs. 500 crore, on a private placement basis. The allotment was approved by the company's Debenture Allotment Committee at its meeting held on 18 May 2026, which commenced at 11.45 a.m. and concluded at 12.05 p.m. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Details of the NCD Allotment
The following table summarises the key terms and parameters of the NCD issuance:
| Parameter: | Details |
|---|---|
| Issue Size: | Rs. 500 crore |
| Number of NCDs: | 50,000 |
| Face Value per NCD: | Rs. 1,00,000 |
| ISIN: | INE377Y07649 |
| Date of Allotment: | 18 May 2026 |
| Date of Maturity: | 18 May 2029 |
| Tenure: | 1,096 days |
| Coupon Rate: | 7.83% p.a. |
| Coupon Payment Frequency: | Annually and On Maturity |
| Listing Exchange: | BSE Limited (Wholesale Debt Market Segment) |
| Redemption: | Redeemable on maturity |
Coupon Payment Schedule
The interest and principal repayment on the NCDs will follow a structured annual schedule. The details are as follows:
| Payment: | Date |
|---|---|
| 1st Interest Payment: | 18 May 2027 |
| 2nd Interest Payment: | 18 May 2028 |
| 3rd Interest Payment & Principal Repayment: | 18 May 2029 |
Security and Charge
The NCDs are secured instruments. Repayment of the debentures, interest thereon, trustees' remuneration, and all other related monies will be secured by a first pari-passu charge on book debts and loan receivables. The security cover shall be equivalent to 1.00 time the aggregate outstanding value of debentures issued under the General Information Document dated 2 July 2025.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. No special rights, privileges, or interests are attached to the instrument, and there are no reported delays or defaults in payment of interest or principal.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.86% | -2.19% | -3.19% | -12.64% | -30.89% | -49.01% |
How does Bajaj Housing Finance plan to deploy the Rs. 500 crore raised through this NCD issuance, and which loan segments are likely to see the most growth?
Given the 7.83% coupon rate, how competitive is Bajaj Housing Finance's cost of borrowing compared to peers, and could rising or falling interest rates impact its future NCD pricing?
With a security cover of only 1.00x on book debts and receivables, how might a deterioration in asset quality affect the risk profile of these NCDs for institutional investors?
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