Bajaj Housing Finance Allots ₹1,991.8 Cr NCDs

Bajaj Housing Finance Ltd has allotted 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 1,00,000 each, on a private placement basis. The total issue size is Rs. 1,991.8320 crore, including discount and accrued interest. These NCDs carry a coupon rate of 7.83% per annum, with interest payments starting May 18, 2027, and principal repayment on May 18, 2029. The debentures 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.