Bajaj Housing Finance Limited has informed the Exchange about issue of Securities

BAJAJHFL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.3%1-day move

₹85.05

prior close

₹86.35

base price

In-mkt

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AI summary

Bajaj Housing Finance Limited allotted 2,00,000 secured redeemable NCDs worth Rs. 2,000.67 crore via private placement. The debentures carry a coupon rate of 8.25% p.a. with annual and maturity-based interest payments. The tenure is 1,826 days (~5 years), maturing on 27 May 2031. The NCDs are secured by a first pari-passu charge on the company's book debts and loan receivables with a 1.00x security cover. The debentures will be listed on the Wholesale Debt Market Segment of BSE Limited.

Likely market impact

This is a routine debt raising exercise by Bajaj Housing Finance to fund its lending operations. The 8.25% coupon is within market rates for a housing finance company, and the secured nature provides comfort to investors. No direct equity dilution impact.