Bajaj Housing Finance allots NCDs worth Rs 753 cr at 7.53% coupon
BAJAJHFL · price
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On the reaction day the stock moved 1.3 pts less than Nifty Midcap 150 and 0.8 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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Bajaj Housing Finance has allotted 75,000 secured redeemable non-convertible debentures on a private placement basis, aggregating about Rs 753.28 crore. The NCDs carry a coupon of 7.53 percent per annum with a residual tenure of 1,145 days, maturing on 28 September 2029. The issue is secured by a first pari-passu charge on book debts and will be listed on the BSE Wholesale Debt Market segment.
Raises Rs 753 cr via private NCD placement at 7.53% coupon, boosting lending capacity and adding modest debt servicing obligations.