Bajaj Housing Finance Limited has successfully allotted secured redeemable non-convertible debentures (NCDs) aggregating to ₹500 crore on a private placement basis. The issuance, completed on May 18, 2026, features a tenure of 1,096 days. These debt instruments carry an annual interest rate of 7.83%, with maturity scheduled for May 18, 2029, as part of the company’s strategy to bolster its resources for business operations.
Issuance Details
On May 18, 2026, the Debenture Allotment Committee of Bajaj Housing Finance Limited finalized the issuance of 50,000 NCDs. With a face value of ₹1,00,000 each, the total value of the allotment reached ₹500 crore. This financial move allows the company to secure capital through the wholesale debt market.
Key Terms and Maturity
The debentures are issued with a tenure of 1,096 days and are set to mature on May 18, 2029. Investors will receive an annual coupon payment of 7.83% p.a., with the schedule for interest payments set for May 18, 2027, May 18, 2028, and the final interest and principal repayment due on the maturity date of May 18, 2029.
Security and Asset Coverage
To ensure investor safety, the company has provided a first pari-passu charge on its book debts and loan receivables. The terms mandate that the security cover remains at 1.00 time the aggregate outstanding value of the debentures issued, providing a defined safety margin for the debt instruments.
Source: BSE
