2,50,000 Secured Redeemable Non-Convertible Debentures Allotted on Private Placement Basis

Wed 7 Oct 2026

NCDs Allotted

2,50,000 Secured Redeemable Non-Convertible Debentures allotted on private placement basis

Issue Size / Face Value

Face value Rs. 1,00,000 each; total Rs. 2,439.2905 crore

Coupon and Tenure

Coupon 7.87% p.a., annually from 4 August 2027; Tenure 3,589 days (Residual)

Bajaj Housing Finance Ltd has allotted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the company took this decision at its meeting held on 7 October 2026.

The company allotted 2,50,000 NCDs, each with a face value of Rs. 1,00,000. Together these aggregate to Rs. 2,439.2905 crore (including discount and accrued interest).

Terms of the instrument

• Coupon/interest offered: 7.87% p.a.
• Interest payment frequency: first interest payment on 4 August 2027 and annually thereafter
• Tenure: 3,589 days (Residual)
• Date of allotment: 7 October 2026; date of maturity: 4 August 2036
• Redemption: redeemable on maturity
• The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited

Repayment schedule: ten interest payments fall annually on 4 August each year, beginning 4 August 2027 and running through 4 August 2035, with the tenth interest payment and the principal repayment due on 4 August 2036.

How the borrowing is secured

The repayment of the debentures, interest thereon, trustees' remuneration and all other monies relating thereto will be secured by a first pari-passu charge on book debts/loan receivables. The security cover is to be equivalent to 1.00 time the aggregate outstanding value of debentures issued under the General Information Document dated 30 June 2026.

Other points recorded in the update

• Special right/interest/privileges attached to the instrument and changes thereof: Not applicable
• Delay in payment of interest/principal beyond three months from the due date, or default in payment: Not applicable
• Details of any letter or comments regarding payment/non-payment of interest or principal, or any other matter concerning the security or the assets: Not applicable

The meeting commenced at 12.35 p.m. and concluded at 12.50 p.m.

What this means for a retail reader

This is a fund-raising exercise by the company through debt. Money raised is repayable at the end of the stated tenure, with interest at a fixed rate during the period. The instrument carries a fixed coupon of 7.87% p.a. and is secured against the company's book debts/loan receivables.

The debentures are privately placed and are proposed to be listed only on the wholesale debt market segment, so this is not a public offer of debentures to retail investors. For someone holding the company's equity shares, the relevant reading is that the company has raised borrowed funds on the terms stated above, with repayment scheduled across annual payments up to 4 August 2036.

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