Bajaj Finance Allots ₹2,000.45 Crore in NCDs via Private Placement
Bajaj Finance Limited allotted 2,00,000 Secured NCDs worth ₹2,000.45 crore on June 24, 2026. The NCDs carry a coupon rate of 7.92% p.a. and mature on June 24, 2031. They are secured by a charge on book debts and loan receivables and proposed for listing on BSE.
The allotment of ₹2,000.45 crore in NCDs represents a significant amount of debt raised by the company, which can impact its capital structure and financial leverage. This is a routine but material event for a financial services company.
The announcement details a debt fundraising activity through NCD allotment, which is a routine financial operation for the company. It does not contain information that would significantly alter the company's valuation or future prospects in a positive or negative way.
Bajaj Finance Limited has announced the allotment of 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 Lakh each, aggregating to ₹2,000.45 crore. This allotment was made on a private placement basis during a meeting of the Debenture Allotment Committee held on June 24, 2026.
The NCDs have a tenure of 1826 days and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The coupon or interest offered is 7.92% per annum, with annual coupon payments. The repayment of the debentures and interest thereon will be secured by a first pari-passu charge on book debts and 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 11:15 a.m. and concluded at 11:50 a.m. on June 24, 2026. The NCDs are redeemable on maturity on June 24, 2031.
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.