Bajaj Housing Finance Ltd. has raised nearly ₹2,000 crore through a private placement of secured non-convertible debentures (NCDs), adding long-term funding to support the growth of its loan book.
The company disclosed that its Debenture Allotment Committee approved the issue on June 5, 2026.
Shares of Bajaj Housing Finance were trading at ₹84.19, up 0.96% from the previous close of ₹83.42. The company has a market capitalization of around ₹70,175 crore.
₹1,991.83 crore raised through NCDs
Bajaj Housing Finance allotted:
- 2,00,000 secured redeemable NCDs
- Face value of ₹1 lakh each
The issue size aggregated to ₹1,991.83 crore, including discount and accrued interest.
The issuance represents a reopening of an existing debenture series, rather than a fresh issue.
Coupon and maturity details
The debentures carry:
- Coupon rate: 7.83% per annum
- Interest payment frequency: Annual
- Residual maturity: 1,078 days
Payment schedule
| Date | Payment |
|---|---|
| May 18, 2027 | First interest payment |
| May 18, 2028 | Second interest payment |
| May 18, 2029 | Third interest payment and principal repayment |
The debentures mature on May 18, 2029.
Security structure
The NCDs are backed by:
- A first pari-passu charge
- On the company’s book debts and loan receivables
The security cover is maintained at 1 time the outstanding amount, which is standard for investment-grade housing finance issuers.
The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Ltd.
Funding supports expanding loan book
For housing finance companies, access to long-term borrowing is critical to fund home loans.
Such institutions typically rely on:
- Private placement of NCDs
- Bank borrowings
- External commercial borrowings
- Securitisation
Why a tap issuance?
Instead of launching a new series, Bajaj Housing Finance reopened an existing ISIN.
This approach helps:
- Reduce documentation costs
- Avoid fresh listing expenses
- Maintain uniform terms for investors
- Meet additional funding requirements efficiently
Tap issuances are commonly used by highly rated NBFCs and housing finance companies.
Strong credit profile
The 7.83% coupon reflects the company’s strong market standing.
Key factors supporting its credit profile include:
- Parentage from Bajaj Finance Ltd.
- Promoter holding of 86.7%
- Position as one of India’s largest housing finance companies
- Healthy asset quality
Institutional investors generally view such instruments as offering a moderate spread over government securities with investment-grade risk.
Business overview
Bajaj Housing Finance Ltd. is a non-deposit-taking housing finance company registered with the National Housing Bank.
Founded in 2008, the company offers:
- Home loans
- Loans against property
- Lease rental discounting
- Developer finance
FY26 performance
- Revenue: ₹11,147 crore
- Profit after tax: ₹2,560 crore
- Assets under management (December 2025): ₹1,33,412 crore
- AUM growth: 23% year-on-year
TL;DR
Bajaj Housing Finance has raised ₹1,991.83 crore through a private placement of secured NCDs carrying a 7.83% annual coupon. The debentures mature in May 2029 and are aimed at supporting the company’s expanding home loan portfolio.
AI summary
- Bajaj Housing Finance raised ₹1,991.83 crore via NCDs.
- The issue carries a 7.83% annual coupon.
- Maturity is scheduled for May 18, 2029.
- The NCDs are backed by loan receivables.
- The company had AUM of ₹1.33 lakh crore as of December 2025.
