Bajaj Housing Finance Limited announced the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to Rs. 495.5344 crore, with each NCD having a face value of Rs. 1,00,000. The debentures carry a coupon interest of 7.87% p.a. and are secured by a first pari-passu charge on the company’s book debts and loan receivables.
NCD Allotment Details
Bajaj Housing Finance Limited has successfully completed the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The total value of this issue aggregates to Rs. 495.5344 crore, which includes any discount and accrued interest. This significant fundraising event took place on 18 September 2026.
Key Terms of the Debentures
The NCDs have a tenure of 3,608 days, with a maturity date set for 4 August 2036. The coupon interest offered to investors is 7.87% per annum, payable annually. The first interest payment is scheduled for 4 August 2027, with subsequent annual payments until maturity.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The ISIN for these debentures is INE377Y07680 (Re-issue).
Security and Other Provisions
The repayment of these debentures, including interest, is secured by a first pari-passu charge on the company’s book debts and loan receivables. The security cover is mandated to be equivalent to 1.00 time the aggregate outstanding value of the debentures issued.
Source: BSE
