Bajaj Finance Allots ₹1,455.40 Crore NCDs on Private Placement
Bajaj Finance Limited allotted 1,39,000 NCDs worth ₹1,455.40 crore on private placement. The NCDs mature on 21 September 2028, carrying a 7.07% annual coupon. The allotment was approved by the Debenture Allotment Committee on 18 June 2026.
The debt fundraising of ₹1,455.40 crore is a significant amount and will impact the company's capital structure and leverage, hence a medium impact.
The announcement is a routine debt fundraising activity and does not contain information that would positively or negatively impact the company's stock.
Bajaj Finance Limited has announced the allotment of 1,39,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the Company approved this allotment in a meeting held on 18 June 2026.
The NCDs have a face value of ₹1 Lakh each and were issued at ₹1,04,705.27 per NCD, including a discount of ₹1,551.2. The total issue size amounts to ₹1,455.40 crore.
The debentures carry a coupon rate of 7.07% per annum, with the first coupon payable on 21 September 2026, and annually thereafter. The maturity date for these NCDs is 21 September 2028, with a tenure of 826 residual days. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The repayment and interest on these debentures are secured by a first pari-passu charge on book debts/loan receivables, ensuring a security cover of not less than 1.00 time the aggregate outstanding value of debentures issued. The meeting of the Debenture Allotment Committee commenced at 11:15 a.m. and concluded at 11:45 a.m. on 18 June 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.