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The bonds, in the nature of non-convertible debentures, are allotted Monday and will mature on January 28, 2028 after two years, three months and 15 days, the company said Monday in a stock exchange filing. The bonds are placed privately.
The company said the first interest payment will be made on January 28, 2026 and annually thereafter. This is the lowest coupon at which it raised through bond issuances since July.
Bajaj Housing Finance has successfully raised Rs 1000 crore by selling bonds to investors. The company secured this funding at a coupon rate of 6.95%. These bonds are non-convertible debentures and will mature in January 2028. This issuance marks the lowest coupon rate for the company’s bond sales since July.
The mortgage lender taps the bond market on a regular basis for growth funding. In the second quarter between July 1 to September 30, it raised a total of Rs 4008 crore.
Its assets under management stood at Rs 1.27 lakh crore at the end of September, reflecting a 24% year-on-year growth. It disbursed about Rs15,900 crore in the second quarter as compared with Rs 12,014 crore in the year ago period.
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