Loan & Debt7 Oct 2026, 01:04 pm
Bajaj Housing Finance Allots ₹2,439 Cr NCDs
AI Summary
Bajaj Housing Finance Ltd announced the allotment of 2,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is ₹2,439.2905 crore, with a face value of ₹1,00,000 per NCD. These NCDs carry a coupon rate of 7.87% per annum and have a tenure of 3,589 days (residual), maturing on August 4, 2036. The repayment and interest are secured by a first pari-passu charge on the company's book debts/loan receivables. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Key Highlights
- Allotment of ₹2,439.29 crore in Secured NCDs.
- Coupon rate stands at 7.87% per annum.
- Debentures mature on August 4, 2036.
- Secured by a first pari-passu charge on book debts.
- Proposed listing on BSE Wholesale Debt Market.
Price Impact
More from BAJAJHFL