Bajaj Housing Finance allots NCDs worth Rs 1,885 crore via private placement

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹86.71

prior close

₹87.11

announcement price

In-mkt

timing

Nifty Midcap 150market-0.3%+0.7% vs market

Housing Finance Company peers, median of 17sector-0.8%+1.1% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and 1.1 pts more than its Housing Finance Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+0.4-0.3+0.7-0.8+1.1

Next day

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UpDownMarket · Nifty Midcap 150Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajaj Housing Finance has allotted 1,88,500 secured redeemable NCDs on private placement basis, aggregating Rs 1,885.09 crore including premium. NCDs carry face value of Rs 1 lakh each, coupon of 7.87% per annum paid annually, and 10-year tenure maturing on 4 August 2036. Debentures will be listed on BSE wholesale debt market segment and secured by first pari-passu charge on book debts and loan receivables.

Likely market impact

Raises about Rs 1,885 crore of long-term debt at 7.87% for lending business. No equity dilution, but increases interest obligations over 10 years.