Bajaj Housing Finance Ltd has successfully completed the private placement of 95,500 secured redeemable non-convertible debentures (NCDs), raising a total of Rs. 955 crore. The debentures, which carry an annual interest rate of 7.90%, have a tenure of 1,826 days and are set to mature on 12 May 2031. This move strengthens the company’s financial position and will be listed on the Wholesale Debt Market segment of the BSE.
Details of the NCD Allotment
The Debenture Allotment Committee of Bajaj Housing Finance Ltd approved the issuance of 95,500 NCDs, each with a face value of Rs. 1,00,000. This capital-raising exercise, finalized on 12 May 2026, highlights the company’s commitment to diversifying its funding sources through private placement. The instruments are scheduled for listing on the Wholesale Debt Market segment of BSE Limited.
Interest and Repayment Structure
The debentures offer an attractive coupon rate of 7.90% per annum, payable on an annual basis. The structured repayment plan ensures consistent returns for investors, with interest payments scheduled for May 12 of each year, starting from 2027 through 2031. The final installment, which includes both the fifth year’s interest and the full principal repayment, is slated for 12 May 2031.
Security and Asset Backing
To provide security to the debenture holders, Bajaj Housing Finance Ltd has created a first pari-passu charge on its book debts and loan receivables. The company has maintained a security cover equivalent to 1.00 time the aggregate outstanding value of the debentures, ensuring robust protection for the issued instruments as per the terms outlined in the underlying general information documentation.
Source: BSE
