Bajaj Housing Finance Limited has successfully completed a private placement of secured redeemable non-convertible debentures (NCDs). The company announced the allotment of 75,000 NCDs, each with a face value of ₹1,00,000, aggregating to a total of ₹750 crore. These NCDs have a tenure of 1,826 days and carry an annual coupon interest of 7.79%. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Substantial Fundraising Through Debentures
Bajaj Housing Finance Limited announced the completion of a private placement for its Secured Redeemable Non-Convertible Debentures (NCDs). The company’s Debenture Allotment Committee, in a meeting held on 20 August 2026, approved the allotment of 75,000 NCDs. Each debenture has a face value of ₹1,00,000, bringing the total issue size to ₹750 crore. This significant fundraising effort was conducted on a private placement basis.
Key Terms of the NCDs
The newly allotted NCDs come with a tenure of 1,826 days, with the allotment date being 20 August 2026 and the maturity date set for 20 August 2031. The debentures will bear an annual coupon interest rate of 7.79%, with coupon payments scheduled annually and on maturity. The first interest payment is due on 20 August 2027, with subsequent payments annually until the final principal and interest repayment on 20 August 2031.
Security and Listing Details
The NCDs are secured by a first pari-passu charge on the company’s book debts and loan receivables. The security cover is equivalent to 1.00 time the aggregate outstanding value of the debentures. These debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The ISIN for these debentures is INE377Y07698.
Source: BSE
