Bajaj Housing Finance has successfully completed the allotment of 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) via private placement. The total aggregate value of the issue is Rs. 1,020.3759 crore, with a face value of Rs. 1,00,000 each. These debentures carry an annual coupon rate of 7.10% p.a. and are set to mature on October 16, 2028, following a tenure of 969 residual days.
Details of NCD Private Placement Allotment
Bajaj Housing Finance Limited announced the completion of a private placement for Secured Redeemable Non-Convertible Debentures (NCDs) following the approval of the Debenture Allotment Committee meeting held on February 20, 2026. The total size of the issue aggregated to Rs. 1,020.3759 crore.
Key Financial Instrument Parameters
The following table summarizes the critical details concerning the newly allotted debt instruments:
- Size of Issue: Rs. 1020.3759 crore
- ISIN: INE377Y07607 (Re-issue)
- Tenure: 969 days (Residual)
- Date of Allotment: 20 February 2026
- Date of Maturity: 16 October 2028
- Coupon/Interest Rate: 7.10% p.a.
- Listing: The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Coupon Payment Schedule
The coupon payments for these NCDs are structured as follows:
- First Interest Payment: 16th October 2025 (Note: This date precedes the allotment date, suggesting a historical payment structure reference or administrative lag in the document) and Annually Thereafter.
- Subsequent payments are scheduled annually on 16th October 2026 (2nd interest) and 16th October 2027 (3rd interest).
- The 4th interest payment along with the principal repayment is due on 16th October 2028.
Security and Charges Created
To secure the NCDs, the repayment, interest, Trustees’ remuneration, and related monies are secured by a first pari-passu charge. This charge is created over the company’s book debts/loan receivables. The required security cover mandates that this coverage shall be equivalent to 1.00 time the aggregate outstanding value of debentures to be issued under this General Information Document dated 2 July 2025.
Redemption Details
The debentures are specified to be Redeemable on maturity. Furthermore, the announcement confirmed that no special rights, privileges, or delays in payment (exceeding three months) are applicable to this instrument, and no material adverse comments on the security were noted by the trustees.
Source: BSE
