Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Allotment of Secured Redeemable Non-Convertible Debentures (''NCD'') on Private ....
Awaiting price reaction for this filing.
Bajaj Housing Finance Limited has allotted 50,000 Secured Redeemable Non-Convertible Debentures on a private placement basis on 5 June 2025. Each NCD has a face value of ₹1,00,000, taking the total issue size to ₹500.9790 crore under ISIN INE377Y07565. The NCDs carry a coupon of 7.02% per annum, payable annually, with a residual tenure of 1086 days and a final maturity date of 26 May 2028. The instrument is proposed to be listed on the Wholesale Debt Market Segment of BSE and is secured by a first pari-passu charge on the company's book debts and loan receivables, maintaining a 1.00x security cover. The allotment was approved by the Debenture Allotment Committee in a meeting held earlier the same day.
The ₹501 crore debt raise will bolster Bajaj Housing Finance's lending capacity without diluting shareholders' equity, though it will increase overall leverage. The 7.02% coupon is competitive and should have a neutral-to-mildly-positive read on the stock, signaling continued investor appetite for the company's debt instruments.