Bajaj Housing Finance raises ₹750 crore via secured NCDs at 7.79%
Bajaj Housing Finance Ltd completed a ₹750 crore private placement of secured NCDs on August 20, 2026. The five-year instruments offer a 7.79% annual coupon and are secured by a first pari-passu charge on book debts. The debentures are proposed for listing on BSE’s Wholesale Debt Market Segment.
*this image is generated using AI for illustrative purposes only.
Bajaj Housing Finance allotted ₹750 crore worth of secured redeemable non-convertible debentures (NCDs) on private placement basis on August 20, 2026. The issuance consists of 75,000 debentures, each with a face value of ₹1,00,000. The instruments carry a coupon rate of 7.79% per annum and have a tenure of 1,826 days, maturing on August 20, 2031.
The company intends to list the debentures on the Wholesale Debt Market Segment of BSE Limited. Interest payments will be made annually, with the first payment due on August 20, 2027. The final interest payment and principal repayment are scheduled for August 20, 2031.
Security Structure
The repayment of principal and interest on these debentures 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 issued under this general information document dated June 30, 2026.
| Instrument Detail | Specification |
|---|---|
| Issue Size | ₹750 crore |
| Coupon Rate | 7.79% p.a. |
| Tenure | 1,826 days |
| Maturity Date | August 20, 2031 |
| Listing Venue | BSE Wholesale Debt Market Segment |
| Security | First pari-passu charge on book debts |
Regulatory Disclosure
The allotment was approved by the Debenture Allotment Committee during a meeting held on August 20, 2026, which commenced at 11:05 am and concluded at 11:20 am. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
No special rights, interests, or privileges are attached to these instruments. There have been no delays in the payment of interest or principal amounts for any period exceeding three months from the due date.
Historical Stock Returns for Bajaj Housing Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.68% | +0.98% | -0.51% | -2.95% | -25.03% | -48.13% |
How will the 7.79% coupon rate impact Bajaj Housing Finance's cost of debt relative to current market benchmarks and its overall net interest margin?
What does the reliance on a private placement for this ₹750 crore raise suggest about investor appetite for housing finance debt instruments in the current economic climate?
Could the extension of maturity to 2031 indicate a strategic shift towards long-term asset-liability matching to support future loan book growth?
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