Bajaj Housing Finance Raises Rs 1000 Crore Through NCDs

Mumbai, 17 July 2025: Bajaj Housing Finance Ltd (BSE: 544252 | NSE: BAJAJHFL-EQ) has completed the allotment of ₹1,000.0204 crore worth of secured non-convertible debentures (NCDs) via private placement.

₹1,000 Crore NCDs Allotted as Bajaj Housing Finance Targets Long-Term Stability

Bajaj Housing Finance has issued 1,00,000 secured redeemable NCDs, each with a face value of ₹1,00,000. The total issue size stands at ₹1,000.0204 crore. These NCDs carry a fixed annual coupon rate of 6.97% and have a tenure of 1,096 days (3 years), maturing on 17 July 2028. The allotment was approved earlier today by the company’s Debenture Allotment Committee.

6.97% Annual Yield Secured with Strong Asset Cover

The NCDs are backed by a first pari-passu charge on the company’s loan receivables, ensuring a 1.00x security cover. Interest will be paid annually, with the first and second payments scheduled for 17 July 2026 and 17 July 2027 respectively. The final interest and principal will be paid together on the maturity date of 17 July 2028.

No Defaults or Special Clauses Attached to the Issuance

Bajaj Housing Finance has clarified that there have been no delays or defaults in its past interest or principal payments. Additionally, the NCDs come with no special rights or privileges. The company reiterated its commitment to transparent and standardised debt issuance practices.

Proposed BSE Listing to Enhance Visibility Among Debt Investors

The company plans to list these NCDs on the BSE’s Wholesale Debt Market. This move aims to improve trading visibility and attract a wider pool of institutional debt investors. The meeting for the allotment was held from 11:45 a.m. to 12:00 p.m. IST today.

About Bajaj Housing Finance

Bajaj Housing Finance Limited, a 100% subsidiary of Bajaj Finserv, offers a broad portfolio of housing finance solutions. These include home loans, loans against property, and funding for developers. The company is registered with the National Housing Bank and is listed on both NSE and BSE.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/23f3092a-92b9-42cc-924a-6f7051b1335b.pdf

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