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Bajaj Housing Backs the Books: ₹1,006 Crore in NCDs Issued to Power Loan Growth

Updated: July 01, 2025 13:41

Image Source: MoneyControl

Bajaj Housing Finance Ltd (BHFL) has allotted non-convertible debentures (NCDs) aggregating ₹10.06 billion (₹1,006 crore), a regulatory filing stated. The decision is part of the company's continued effort to diversify its funding sources and supplement its growing housing and mortgage lending book.

Key Terms of the NCD Issue

Instrument: Secured, rated, listed Non-Convertible Debentures (NCDs)
Aggregate Value: ₹10.06 billion
Purpose: For funding long-term lending, refinancing debt, and for liquidity buffers
Investor Profile: Subscribed most likely by institutional investors, mutual funds, and pension funds

About Bajaj Housing Finance Ltd

Parent Company: Bajaj Finance Ltd
Business Focus: Home loans, loan against property, and developer financing
Credit Rating: AAA (Stable) by CRISIL and ICRA

FY24 Highlights:

AUM crossed ₹85,000 crore
Net profit increased 28% YoY
GNPA was below 0.2%, indicating healthy asset quality

Strategic Outlook

The NCD matter comes amid growing demand for affordable housing and refinancing activity in Indian real estate sector. Powered by a better credit profile and a sound capital adequacy, BHFL is expected to expand its presence in salaried as well as self-employed borrower segments further.

Sources: Business Standard, Moneycontrol, Bajaj Housing Finance – Official Website

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