Bajaj Housing Finance allots Rs 750 crore NCDs at 7.79 percent

Fund Raising View source PDF Explain this filing

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

+0.8%Reaction day

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prior close

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announcement price

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Nifty Midcap 150market+0.4%+0.4% vs market

Housing Finance Company peers, median of 17sector+0.9%-0.1% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Midcap 150 and 0.1 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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UpDownMarket · Nifty Midcap 150Sector · Housing Finance Company peers, median of 17Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bajaj Housing Finance has allotted 75,000 secured redeemable non-convertible debentures on private placement, aggregating Rs 750 crore. The NCDs have a face value of Rs 1 lakh each, a 5 year tenure maturing on 20 August 2031, and carry a coupon of 7.79 percent per annum paid annually. They will be listed on the Wholesale Debt Market segment of BSE.

Likely market impact

Routine debt raise of Rs 750 crore. No equity dilution. Proceeds likely to expand the home loan book over the next five years.