Announced Tue, 7 Jul · 12:19 IST
Bajaj Housing Finance allots secured NCDs worth Rs 1,501 crore privately
Fund Raising View source PDF
BAJAJHFL · price
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Price reaction · full curve 14 horizons · vs prior close
-4.5%1-day move
₹90.27
prior close
₹88.68
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9+0.6+0.4+0.3-4.5-3.1-2.5-1.8-3.5-4.3————
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AI summary
Bajaj Housing Finance has allotted 1,50,000 secured redeemable non-convertible debentures on private placement basis, aggregating Rs 1,501.0655 crore at face value of Rs 1 lakh each. The NCDs carry a coupon of 7.53 percent per annum with annual interest payments, tenure of 1,179 days maturing on 28 September 2029, and are secured by a first pari-passu charge on book debts. The debentures will be listed on the BSE wholesale debt segment.
Likely market impact
Routine debt raise for the HFC. The 7.53 percent coupon reflects current borrowing cost and funds business growth without equity dilution.