Bajaj Finance Allots ₹2004 Crore NCDs on Private Placement
Bajaj Finance Limited has allotted ₹2004.31 crore worth of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment consists of 2,00,400 NCDs with a face value of ₹1 Lakh each. The debentures carry a coupon rate of 7.77% p.a. and mature on 17 April 2029.
The issuance of ₹2004.31 crore in debt will impact the company's capital structure and funding, which is a significant financial event.
The announcement is a routine debt fundraising activity and does not inherently indicate positive or negative performance.
Bajaj Finance Limited announced the allotment of 2,00,400 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the Company approved this allotment in its meeting held on 17 April 2026.
The total issue size amounts to ₹2004.31 crore, with each NCD having a face value of ₹1 Lakh. These debentures carry a coupon rate of 7.77% per annum and have a tenure of 1096 days from the date of allotment.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment of principal and interest is secured by a first pari-passu charge on the company's book debts and loan receivables, covering at least 1.00 time the aggregate outstanding value of the debentures issued.
The meeting of the Debenture Allotment Committee commenced at 01:00 p.m. and concluded at 01:30 p.m. on 17 April 2026.
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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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