Bajaj Housing Finance raises Rs 2,439.29 crore through NCDs.

Bajaj Housing Finance has raised around Rs 2,439.29 crore, including discount and accrued interest, by allotting secured, redeemable, non-convertible debentures (NCDs) on private placement. At its meeting on October 07, 2026, the company's Debenture Allotment Committee allotted 2,50,000 NCDs with a face value of Rs 1,00,000 each. The NCDs have a tenure of 3,589 days and carry a coupon of 7.87% per annum. They are proposed to be listed on the Wholesale Debt Market Segment of BSE. Bajaj Housing Finance is a non-deposit taking housing finance company registered with the National Housing Bank, offering tailored financing for buying and renovating residential and commercial properties. Bottom line: A large but routine long-tenure funding raise. It supports loan growth and asset-liability management (ALM) and has no direct earnings impact. The tenure and pricing are the interesting parts. Pricing looks discounted. Because the money raised is below face value, the effective yield for investors is likely a little above the 7.87% coupon. That is an inference, since the figure also includes accrued interest and the release doesn't give the issue price or yield. Long tenure is a positive for ALM. Housing loans run 15 to 20 years, and a near-10-year borrowing narrows the funding gap and cuts refinancing risk. This is also a rare tenure for non-banking financial companies (NBFCs), which mostly borrow shorter. Disclaimer: Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. The above information is for educational and learning purpose. They analyst or his associates do not hold any shares of the company and have no financial interest in it. SEBI Registered Research Analyst: Vineet Ashwinikumar Chawla: INH000008190, BSE Enlistment No: 5433