Bajaj Housing Finance Limited has successfully allotted ₹2,034.6788 crore worth of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment, which occurred on June 12, 2026, involved 2,00,000 NCDs at a face value of ₹1,00,000 each. These NCDs carry an annual interest rate of 8.25% and are set to mature on May 27, 2031.
Secured NCD Allotment Details
Bajaj Housing Finance Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) amounting to a total of ₹2,034.6788 crore. This significant issuance was conducted on a private placement basis and marks a key step in the company’s financing activities.
Key Financial and Structural Information
The NCDs were allotted on June 12, 2026, with a total issue size of ₹2,034.6788 crore. This figure includes any premium and accrued interest. The debentures are proposed for listing on the Wholesale Debt Market Segment of the BSE Limited. The ISIN for these securities is INE377Y07656 (Re-issue).
Tenure and Maturity
The issued instruments have a residual tenure of 1,810 days. The official date of allotment was June 12, 2026, with the corresponding maturity date set for May 27, 2031.
Interest Rate and Payment Schedule
A coupon interest of 8.25% per annum will be paid on these NCDs. The interest payments are scheduled to be made annually. The first interest payment is due on May 27, 2027, with subsequent payments and the final principal repayment occurring on May 27, 2031.
Security and Charge Details
The repayment of these debentures, including interest and other related monies, is secured by a first pari-passu charge. This charge is on the company’s book debts and loan receivables. The security cover is equivalent to 1.00 time the aggregate outstanding value of debentures to be issued under the General Information Document dated July 2, 2025.
Additional Instrument Details
There are no special rights, interests, or privileges attached to the instrument or changes thereof. Similarly, delays in payment of interest or principal beyond three months from the due date, or any default, are not applicable in this context. Any comments regarding payment or security are also not applicable.
Redemption
The debentures are scheduled for redemption on maturity.
Meeting Concluded
The meeting related to this allotment commenced at 02:20 p.m. and concluded at 02:35 p.m. on June 12, 2026.
Source: BSE
