Bajaj Housing Finance allots NCDs worth Rs 2,439 cr via private placement
BAJAJHFL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.1 pts more than Nifty Midcap 150 and 1.8 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Bajaj Housing Finance has allotted 2,50,000 secured redeemable non-convertible debentures on a private placement basis, raising about Rs 2,439.29 crore. Each NCD has a face value of Rs 1,00,000 and carries a coupon of 7.87% per annum, paid annually from 4 August 2027. Residual tenure is 3,589 days, maturing on 4 August 2036. NCDs are secured by a first pari-passu charge on book debts and will be listed on the Wholesale Debt Market segment of BSE.
Routine private debt raise at a competitive 7.87% coupon, adding to borrowings for lending growth. Limited direct impact on equity shareholders.