Bajaj Housing Finance Limited has informed the Exchange about issue of Securities
BAJAJHFL · price
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Bajaj Housing Finance has allotted 50,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis, raising Rs. 508.4980 crore. Each NCD has a face value of Rs. 1,00,000 and carries a coupon of 7.10% per annum, paid annually. The debentures have a residual tenure of 1008 days, maturing on 16 October 2028, and are proposed to be listed on the wholesale debt market segment of BSE. The issue is secured by a first pari-passu charge on the company's book debts and loan receivables, with a security cover of 1.00 times the outstanding value.
This is a routine debt-raising exercise at a competitive market rate, suggesting healthy borrowing access for the company. Shareholders are not directly affected as this is a private placement of NCDs, not an equity dilution event.