Bajaj Housing Finance allots ₹1,991.83 crore NCDs at 7.83% coupon
Bajaj Housing Finance has allotted 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹1,991.83 crore on a private placement basis. The NCDs carry an annual coupon rate of 7.83% and a residual tenure of 1078 days, maturing on 18 May 2029. The debentures are secured by a first pari-passu charge on book debts and loan receivables and are proposed to be listed on the BSE Wholesale Debt Market.
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Bajaj Housing Finance has allotted 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1,991.83 crore on a private placement basis. The allotment was approved by the Debenture Allotment Committee on 5 June 2026. These NCDs carry a coupon rate of 7.83% per annum and are secured by a first pari-passu charge on book debts and loan receivables.
NCD Issuance Details
The following table summarises the key parameters of the NCD issuance:
| Parameter: | Details |
|---|---|
| Instrument Type: | Secured Redeemable Non-Convertible Debentures (NCDs) |
| Number of NCDs Issued: | 2,00,000 |
| Face Value per NCD: | ₹1,00,000 |
| Total Issue Size: | ₹1,991.83 crore |
| Annual Coupon Rate: | 7.83% |
| Tenure: | 1078 days (Residual) |
| Date of Allotment: | 5 June 2026 |
| Date of Maturity: | 18 May 2029 |
| ISIN: | INE377Y07649 (Re-issue) |
Security and Listing
The repayment of principal and interest is secured by a first pari-passu charge on book debts and loan receivables. The security cover is equivalent to 1.00 time the aggregate outstanding value of the debentures issued. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Payment Schedule
Interest payments are scheduled annually, with the first payment due on 18 May 2027. Subsequent interest payments will occur on 18 May 2028. The final interest payment along with principal repayment is scheduled for 18 May 2029.
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 will the proceeds from this ₹1,991.83 crore issuance be utilized to support Bajaj Housing Finance's lending growth?
What impact will the 7.83% coupon rate have on the company's net interest margins given current market conditions?
Will this successful private placement pave the way for a larger public issuance in the near future?
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