Bajaj Housing Finance Raises Rs 503 Crore via Secured NCD Issue

Bajaj Housing Finance Ltd. ( (IN:BAJAJHFL) ) has issued an announcement.

Bajaj Housing Finance Limited has raised Rs. 503.42 crore through a private placement of 50,000 secured, redeemable non-convertible debentures with a face value of Rs. 1,00,000 each. The instruments, carrying a coupon of 7.25% per annum and a residual tenure of 1,057 days, are proposed to be listed on the Wholesale Debt Market segment of BSE.

The debentures are secured by a first pari-passu charge on the company’s book debts and loan receivables, with a minimum security cover equal to the outstanding debenture value. This issuance enhances the company’s long-term funding profile and supports its housing finance growth, while offering institutional investors a fixed-income avenue with scheduled annual interest payments until maturity in January 2029.

More about Bajaj Housing Finance Ltd.

Bajaj Housing Finance Limited is a housing finance company engaged in providing home loans and related secured lending products in India. As part of the Bajaj group’s financial services ecosystem, it raises funds from capital markets through debt instruments to support its lending operations and expand its loan book in the housing finance segment.

Average Trading Volume: 800,310

Technical Sentiment Signal: Sell

Current Market Cap: 725.2B INR

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