Bajaj Housing Finance Secures ₹503.42 Crore NCDs via Private Placement

Bajaj Housing Finance Limited has completed the allotment of ₹503.42 crore worth of secured redeemable non-convertible debentures (NCDs) through private placement on March 2, 2026. The company issued 50,000 NCDs at ₹1,00,000 face value each, offering a 7.25% annual coupon rate with a residual tenure of 1057 days until maturity on January 22, 2029. The debentures are secured by a first pari-passu charge on book debts and loan receivables and are proposed for listing on BSE's Wholesale Debt Market Segment.

The Debenture Allotment Committee of the company approved this significant fundraising initiative during its meeting held on March 2, 2026. The debentures have been issued under the ISIN INE377Y07623, indicating the company's continued access to debt capital markets.

The NCDs offer an attractive coupon rate of 7.25% per annum with annual interest payment frequency. The debentures have a residual tenure of 1057 days and are scheduled to mature on January 22, 2029. The payment schedule includes the first interest payment on January 22, 2027, the second interest payment on January 22, 2028, and the final interest and principal payment on January 22, 2029.

The debentures are secured by a first pari-passu charge on book debts and loan receivables, with security cover equivalent to 1.00 times the aggregate outstanding value of debentures. The company has proposed to list these NCDs on the Wholesale Debt Market Segment of BSE Limited, providing liquidity options for investors.

The Debenture Allotment Committee meeting commenced at 12:00 noon and concluded at 12:20 p.m. on March 2, 2026. The allotment was formally communicated to both BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This successful NCD allotment demonstrates Bajaj Housing Finance's ability to raise funds through debt instruments while maintaining attractive terms for investors. The structured repayment schedule and security provisions provide additional comfort to debenture holders.

Bajaj Housing Finance Limited is a leading housing finance company in India, known for its robust financial performance and strong market presence. The company's focus on maintaining healthy asset quality and operational efficiency has been a key driver of its success. With this NCD allotment, the company aims to further strengthen its capital base and support its growth initiatives in the housing finance sector.