Bajaj Housing Finance Limited has successfully allotted 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The issue, valued at ₹1,008.3292 crore, features an interest rate of 7.25% p.a. The debentures are slated for maturity on January 22, 2029, and will be listed on the Wholesale Debt Market segment of the BSE Limited.
Details of the NCD Allotment
The Debenture Allotment Committee of Bajaj Housing Finance Limited finalized the issuance of 1,00,000 NCDs on April 17, 2026. Each debenture has a face value of ₹1,00,000, resulting in a total aggregate value of ₹1,008.3292 crore, which includes applicable discounts and accrued interest.
Terms and Repayment Schedule
The instrument has a residual tenure of 1,011 days and offers a coupon rate of 7.25% per annum. The interest payment schedule is structured on an annual basis, with the first payout occurring on January 22, 2027. The final principal repayment, along with the third interest payment, is scheduled for maturity on January 22, 2029.
Security and Listing
To ensure investor protection, the debentures are secured by a first pari-passu charge on the company’s book debts and loan receivables. The company has mandated that the security cover must be maintained at 1.00 time the aggregate outstanding value of the debentures. Following this allotment, the securities are proposed to be listed on the Wholesale Debt Market (WDM) segment of the BSE.
Source: BSE
