Bajaj Housing Finance Ltd. announced the successful allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis on March 2, 2026. The total aggregate face value allotted is ₹503.4165 crore. These NCDs carry a coupon rate of 7.25% p.a., have a tenure of 1057 days, and will mature on January 22, 2029. The instruments are secured by a first pari-passu charge on book debts/loan receivables.
Debenture Allotment Confirmation
Bajaj Housing Finance Ltd. confirmed that its Debenture Allotment Committee held a meeting on March 2, 2026, resulting in the allotment of 50,000 NCDs. The face value for each NCD was Rs. 1,00,000, bringing the aggregate issuance size to Rs. 503.4165 crore, which includes any applicable discount and accrued interest for the private placement.
Key Instrument Details
The following specifics define the terms of the allotted NCDs:
- Size of the Issue: Rs. 503.4165 crore.
- ISIN: INE377Y07623 (Re-issue).
- Tenure: 1057 days (Residual).
- Allotment Date: 2 March 2026.
- Maturity Date: 22 January 2029.
- Coupon/Interest Rate: 7.25% p.a.
Coupon Payment Schedule
Interest payments are structured annually following the initial payment:
- First Interest Payment: 22nd January 2027.
- Subsequent interest payments will occur annually thereafter.
- The 3rd interest payment and principal repayment are scheduled for 22nd January 2029.
Security and Listing
The Debentures are secured by a first pari-passu charge on the company’s book debts/loan receivables. The security cover mandated is equivalent to 1.00 time the aggregate outstanding value of debentures issued under the General Information Document dated 2 July 2025.
Furthermore, the company intends for these Debentures to be listed on the Wholesale Debt Market Segment of BSE Limited. The instrument is fully Redeemable on maturity, and there are no special rights or privileges attached to the instrument.
Source: BSE
