Bajaj Housing Finance has tapped ₹509 crore by issuing non‑convertible debentures (NCDs) with a 7.10% coupon.
Key Details
- Amount raised: ₹509 crore
- Coupon rate: 7.10% per year
- Maturity date: 16 October 2028
- Placement: Private, with institutional investors
Business Growth
In the third quarter, the mortgage lender’s assets under management grew 23% year‑on‑year, reaching about ₹1.33 lakh crore. It also disbursed roughly ₹16,500 crore in loans during the quarter, up from ₹12,600 crore a year earlier.
Why It Matters
- The new funding strengthens Bajaj Housing’s balance sheet, giving it more room to expand its home‑loan portfolio.
- Investors in the NCDs receive a relatively high fixed return of 7.10%, which can be attractive in a low‑interest‑rate environment.
- The growth in assets and loan disbursement signals healthy demand for housing finance in the market.
Takeaway for Investors
If you are looking at fixed‑income options or tracking the health of India’s housing‑finance sector, this issuance shows that Bajaj Housing Finance is raising capital at a competitive cost while expanding its lending activities.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.