On 26 May 2025, the Debenture Allotment Committee of Bajaj Housing Finance Limited announced the allotment of 83,500 Secured Redeemable Non-Convertible Debentures (NCDs) at a face value of INR 100,000 each, aggregating to INR 8,351.157 million on a private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited under ISIN: INE377Y07565. The tenure of the instrument is 1096 days, with the date of allotment being 26 May 2025 and the date of maturity set for 26 May 2028.
The coupon interest offered is 7.02% per annum, with coupon payments scheduled annually and on maturity thereafter. The first interest payment is due on 26 May 2026, the second on 26 May 2027, and the third interest and principal payment on 26 May 2028. The repayment of the debentures, interest thereon, and all related monies will be secured by a first pari-passu charge on book debts/loan receivables, ensuring that the security cover is equivalent to 1.00 times the aggregate outstanding value of the debentures issued.
