Bajaj Housing Finance Limited has successfully allotted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, raising an aggregate of ₹3,002.6837 crore. The issue comprises 3,00,000 NCDs with a face value of ₹1,00,000 each, including premium. The debentures carry an annual interest rate of 8.68% and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is 3,653 days, with maturity on November 4, 2036.
Bajaj Housing Finance Allots NCDs Worth Over ₹3,000 Crore
Bajaj Housing Finance Limited announced today, November 4, 2026, the successful allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The company has raised a total of ₹3,002.6837 crore from this issuance. This significant fundraising effort was approved by the Debenture Allotment Committee of the Company.
Key Details of the NCD Issue
The issue consists of 3,00,000 NCDs, each with a face value of ₹1,00,000, bringing the total aggregate value including premium to ₹3,002.6837 crore. The debentures have a tenure of 3,653 days, with the maturity date set for November 4, 2036. Investors will receive an annual coupon interest of 8.68%, payable annually and on maturity.
Listing and Security
These NCDs are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited, providing liquidity for investors. The debentures will be secured by a first pari-passu charge on the company’s book debts and loan receivables, with a security cover equivalent to 1.00 time the aggregate outstanding value of the debentures. The repayment of principal and interest is scheduled for November 4, 2036.
Payment Schedule
The schedule for interest and principal payments is as follows:
- 1st interest payment: November 4, 2027
- 2nd interest payment: November 4, 2028
- 3rd interest payment: November 4, 2029
- 4th interest payment: November 4, 2030
- 5th interest payment: November 4, 2031
- 6th interest payment: November 4, 2032
- 7th interest payment: November 4, 2033
- 8th interest payment: November 4, 2034
- 9th interest payment: November 4, 2035
- 10th interest payment & principal repayment: November 4, 2036
Source: BSE
