Bajaj Housing Finance allots NCDs worth Rs 807.82 crore via private placement
BAJAJHFL · price
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Bajaj Housing Finance has allotted 81,500 secured redeemable NCDs at face value of Rs 1 lakh each, aggregating Rs 807.82 crore (including discount and accrued interest), on private placement basis. The NCDs carry a coupon of 7.79% per annum with annual interest payments, residual tenure of 1,790 days, maturing on 20 August 2031. They will be listed on the BSE Wholesale Debt Market segment and are secured by a first pari-passu charge on book debts and loan receivables.
Routine private placement debt raise at 7.79% coupon. Increases borrowings, secured by book debts; no direct equity impact.