Bajaj Housing Finance allots NCDs worth Rs 1,991.83 crore via private placement
BAJAJHFL · price
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On the reaction day the stock moved 1.0 pts more than Nifty Midcap 150 and 0.7 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.
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Bajaj Housing Finance has allotted 2 lakh secured redeemable non-convertible debentures (NCDs) on private placement basis, aggregating Rs 1,991.83 crore. The NCDs carry a coupon of 7.83% per annum, have a residual tenure of 1,078 days, and will mature on 18 May 2029. The instruments will be listed on BSE's Wholesale Debt Market and are secured by a first pari-passu charge on book debts and loan receivables.
Raises about Rs 1,992 crore via debt at 7.83% coupon, boosting lending capacity. No equity dilution; neutral for shareholders.