Bajaj Housing Finance allots ₹1008.33 Cr NCDs via private placement

Bajaj Housing Finance Ltd has announced the allotment of 1,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, totaling ₹1008.3292 crore, which includes discount and accrued interest. The allotment was approved by the Debenture Allotment Committee on April 17, 2026. These NCDs carry a coupon rate of 7.25% per annum and have a residual tenure of 1011 days, maturing on January 22, 2029. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and are secured by a first pari-passu charge on book debts/loan receivables, with a security cover equivalent to 1.00 time the aggregate outstanding value. Interest payments are scheduled annually, with the first on January 22, 2027, and principal repayment along with the final interest on maturity.