Bajaj Finance Allots ₹1,115 Crore in Secured NCDs on Private Placement
Bajaj Finance Limited allotted 1,11,500 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹1,115 crore on private placement. The NCDs mature on November 9, 2029, with a coupon rate of 7.78% p.a. The allotment occurred on August 10, 2026, and the debentures will be listed on BSE.
The issuance of NCDs of ₹1,115 crore is a significant amount and impacts the company's capital structure and borrowing.
The announcement is a routine debt fundraising activity and does not inherently present positive or negative news for the company.
Bajaj Finance Limited has announced the allotment of 1,11,500 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 Lakh each, aggregating to ₹1,115 crore. The allotment was made on a private placement basis by the Debenture Allotment Committee of the Company during its meeting held on 10 August 2026.
The NCDs have a tenure of 1187 days, with a maturity date of 9 November 2029. The coupon interest offered is 7.78% per annum, with the first coupon payment scheduled for 09 November 2026, and annually thereafter. These debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The repayment of the debentures and interest thereon will be secured by a first pari-passu charge on the company's book debts/loan receivables, ensuring the security cover is not less than 1.00 time the aggregate outstanding value of the debentures. The meeting of the Debenture Allotment Committee commenced at 12:35 p.m. and concluded at 12:50 p.m. on 10 August 2026.
What to do with a filing like this
Bajaj Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Bajaj Finance Limited. Read the original for the full detail.