Bajaj Housing Finance Allots ₹3,002.68 Crore NCDs on Private Placement
Bajaj Housing Finance Limited has allotted 3,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹3,002.68 crore on a private placement basis. The NCDs carry an interest rate of 8.68% per annum and mature on November 4, 2036. They are proposed to be listed on the BSE.
The issuance of NCDs worth over ₹3,000 crore is a material event for a housing finance company, impacting its capital structure and liquidity. However, it is a standard method of fundraising.
The announcement is a routine debt fundraising activity and does not contain significant positive or negative financial performance indicators or strategic shifts.
Bajaj Housing Finance Limited (BAJAJHFL) announced the allotment of 3,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the company approved the allotment at its meeting held on November 4, 2026.
The total size of the issue amounts to ₹3,002.68 crore (including premium), with each NCD having a face value of ₹1,00,000. These NCDs have a tenure of 3,653 days and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The ISIN for these NCDs is INE377Y07706.
The NCDs carry an interest rate of 8.68% per annum, with coupon payments to be made annually and on maturity. The first interest payment is scheduled for November 4, 2027, and the principal repayment along with the final interest payment will occur on November 4, 2036. The repayment and interest are secured by a first pari-passu charge on book debts/loan receivables, with a security cover equivalent to 1.00 time the aggregate outstanding value of debentures. The meeting of the Debenture Allotment Committee commenced at 1:30 p.m. and concluded at 1:50 p.m. on November 4, 2026.
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Bajaj Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajaj Housing Finance Limited. Read the original for the full detail.