Bajaj Housing Finance raises ₹495.53 crore via secured NCDs
- Bajaj Housing Finance allotted ₹495.53 crore secured NCDs via private placement
- Instruments carry a 7.87% annual coupon and mature in August 2036
- Debt is secured by a first pari-passu charge on book debts and loan receivables
- Debentures are proposed for listing on the BSE Wholesale Debt Market Segment
*this image is generated using AI for illustrative purposes only.
Bajaj Housing Finance Ltd has allotted ₹495.53 crore worth of secured redeemable non-convertible debentures (NCDs) on a private placement basis. The allotment was approved by the Debenture Allotment Committee on September 18, 2026.
The issuance aims to raise capital through long-term debt instruments, with the proceeds secured against the company's loan receivables. The debentures carry a fixed coupon rate and are proposed for listing on the Wholesale Debt Market Segment of BSE Limited.
Issue Details
The company allotted 50,000 NCDs, each with a face value of ₹1,00,000. The aggregate issue size includes discount and accrued interest. Key terms of the issuance are outlined below:
| Metric | Details |
|---|---|
| Issue Size | ₹495.53 crore |
| Coupon Rate | 7.87% p.a. |
| Tenure | 3,608 days (Residual) |
| Maturity Date | August 4, 2036 |
| Listing Venue | BSE Wholesale Debt Market |
Security and Repayment
The repayment of principal and payment of interest are 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.
Interest payments will be made annually, commencing on August 4, 2027. The final interest payment and principal repayment are scheduled for August 4, 2036. There have been no defaults in the payment of interest or principal amounts associated with this instrument.
What the Numbers Show
The issuance reflects a reliance on secured debt financing to fund operations or asset growth. By securing the debentures against book debts/loan receivables, the company links its debt servicing capacity directly to its core lending portfolio performance. The residual tenure of nearly ten years indicates a focus on long-term liability management rather than short-term liquidity needs.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.69% | -0.14% | +0.12% | +3.44% | -27.18% | -49.03% |
How will the 7.87% coupon rate impact Bajaj Housing Finance's overall cost of debt compared to its current weighted average cost of capital?
What specific growth initiatives or asset classes is the company planning to fund with the ₹495.53 crore raised from this long-term issuance?
How does the 1.00x security cover against loan receivables affect the company's flexibility in managing its existing loan portfolio over the next decade?
19
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
