Bajaj Housing Finance allots NCDs worth Rs 2,500.85 crore on private placement

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

+0.2%Reaction day

₹87.60

prior close

₹88.13

announcement price

In-mkt

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Nifty Midcap 150market+0.2%+0.0% vs market

Housing Finance Company peers, median of 17sector+0.7%-0.5% vs sector

On the reaction day the stock moved in line with Nifty Midcap 150 and 0.5 pts less 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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Reaction day

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Next day

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

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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.