Bajaj Housing Finance Limited has successfully raised ₹753.28 crore through the allotment of 75,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment occurred on August 10, 2026, with a face value of ₹1,00,000 each. These NCDs carry a tenure of 1,145 days and an interest rate of 7.53% per annum, with principal and interest repayment scheduled by September 28, 2029.
Secured Funding Through NCDs
Bajaj Housing Finance Limited announced on August 10, 2026, the successful allotment of 75,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. This issuance aggregated to ₹753.28 crore, including discount and accrued interest, at a face value of ₹1,00,000 per NCD. This fundraising initiative underscores the company’s strategy to secure capital for its ongoing operations and growth initiatives.
Key NCD Details
The Debenture Allotment Committee approved the allotment. The issued NCDs have a residual tenure of 1,145 days, maturing on September 28, 2029. The coupon interest offered is 7.53% per annum. The first interest payment is scheduled for September 28, 2026, with subsequent payments made annually thereafter. The final interest payment and principal repayment are due on September 28, 2029.
Security and Listing
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 equivalent to 1.00 time the aggregate outstanding value of the debentures. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited. The ISIN for these NCDs is INE377Y07672 (Re-issue).
No Special Rights or Delays
There are no special rights or privileges attached to the instrument, nor are there any anticipated delays in the payment of interest or principal beyond three months from the due date. Similarly, no letters or comments regarding payment or non-payment of interest or principal are applicable at this time.
Source: BSE
