Bajaj Housing Finance Limited has successfully completed a private placement of Secured Redeemable Non-Convertible Debentures (NCDs), raising ₹1,885.0945 crore. The issuance comprises 1,88,500 NCDs with a face value of ₹1,00,000 each. These debentures carry an annual coupon rate of 7.87% and are set to mature on August 4, 2036, with interest payments made annually.
Capital Infusion Through Debentures
Bajaj Housing Finance Limited announced today the successful allotment of 1,88,500 Secured Redeemable Non-Convertible Debentures (NCDs) under a private placement basis. This issuance has raised a total of ₹1,885.0945 crore, including premium, for the company. The NCDs were allotted by the Debenture Allotment Committee at a meeting held on August 4, 2026.
Key Terms of the Issue
Each NCD has a face value of ₹1,00,000. The debentures have a tenure of 3,653 days, with a maturity date set for August 4, 2036. The coupon or interest rate offered is 7.87% per annum, with payments to be made annually and on maturity. The ISIN for these debentures is INE377Y07680.
Listing and Security Details
The company intends to list these debentures on the Wholesale Debt Market Segment of BSE Limited. To secure the issuance, a first pari-passu charge has been created over the company’s assets. This charge covers the repayment of debentures, interest payments, trustee remuneration, and other related monies, ensuring a security cover equivalent to 1.00 time the aggregate outstanding value of the debentures.
Payment Schedule
Interest payments are scheduled to commence from August 4, 2027, with subsequent annual payments on August 4th of each year until 2035. The final payment on August 4, 2036, will include the 10th interest payment and the principal repayment.
Source: BSE
