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, aggregating to Rs. 503.42 crore (face value Rs. 1,00,000 each). The debentures carry a coupon of 7.25% per annum with annual interest payments, the first due on 22 January 2027, and will mature on 22 January 2029 (residual tenure of 1,057 days). This is a re-issue under ISIN INE377Y07623, proposed to be listed on the Wholesale Debt Market segment of BSE. 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 Debenture Allotment Committee approved the allotment on 2 March 2026.
This is a routine debt-raising move to fund the company's housing finance business and is unlikely to materially impact equity shareholders. The 7.25% coupon is consistent with current market rates for highly-rated NBFC papers, indicating normal borrowing costs with no distress signal.