Announced Wed, 1 Jul · 12:18 IST
Bajaj Housing Finance allots NCDs worth Rs 2,500.85 crore on private placement
Fund Raising View source PDF
BAJAJHFL · price
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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹87.60
prior close
₹88.13
base price
In-mkt
timing
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AI summary
Bajaj Housing Finance has allotted 2,50,000 secured redeemable NCDs at Rs 1 lakh each, aggregating Rs 2,500.85 crore (including premium) via private placement. The NCDs carry a coupon of 7.64 per cent per annum, payable annually and on maturity, with a tenure of 1,461 days maturing on 1 July 2030. The issue is proposed to be listed on BSE's Wholesale Debt Market and is secured by a first pari-passu charge on book debts and loan receivables with a security cover of 1 time.
Likely market impact
Raises borrowing for lending growth but adds to debt obligations. No direct equity dilution for shareholders.