Bajaj Housing Finance Allots ?503.42 Crore NCDs on Private Placement Basis
Bajaj Housing Finance Allots ?503.42 Crore NCDs on Private Placement Basis is drawing significant interest across the industry.
Bajaj Housing Finance Limited has completed the allotment of ?503.42 crore worth of secured redeemable non-convertible debentures 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 first pari-passu charge on book debts and loan receivables and are proposed for listing on BSE's Wholesale Debt Market Segment.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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