Bajaj Housing Finance Allots ₹1,885 Cr NCDs on Private Placement

Bajaj Housing Finance Ltd announced the allotment of 1,88,500 secured redeemable non-convertible debentures (NCDs) on a private placement basis. The total issue size aggregates to ₹1,885.0945 crore, with each NCD having a face value of ₹1,00,000. These NCDs carry a coupon rate of 7.87% per annum, payable annually and on maturity. The tenure of the instrument is 3,653 days, with the maturity date set for August 4, 2036. The NCDs are secured by a first pari-passu charge on book debts/loan receivables and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.