Bajaj Finance Allots ₹2,500 Crore in NCDs via Private Placement
Bajaj Finance allotted 2,50,000 NCDs worth ₹2,500.20 crore via private placement on February 20, 2026. The issue comprises two tranches: ₹1,000.01 crore (1116 days tenure, 7.40% p.a.) and ₹1,500.19 crore (1826 days tenure, 7.55% p.a.). The NCDs are proposed for listing on BSE.
The company has raised a substantial amount of debt financing, which is a significant financial activity. However, since it is a private placement of NCDs, the direct impact on equity shareholders is generally considered moderate.
The announcement is a routine debt fundraising activity and does not contain any information that would significantly impact the company's stock price positively or negatively.
Bajaj Finance Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the Company, in its meeting held on 20 February 2026, approved the allotment of 2,50,000 NCDs at a face value of ₹1 Lakh each, aggregating to ₹2,500.20 crore.
The allotment comprised two options: Option I involved 1,00,000 NCDs aggregating to ₹1,000.01 crore with a tenure of 1116 days and a coupon rate of 7.40% p.a. Option II involved 1,50,000 NCDs aggregating to ₹1,500.19 crore with a tenure of 1826 days and a coupon rate of 7.55% p.a. Both coupon payments are scheduled annually and on maturity.
The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment and interest on these debentures will be secured by a first pari-passu charge on the company's book debts/loan receivables. The meeting of the Debenture Allotment Committee commenced at 12:45 p.m. and concluded at 01:00 p.m. on 20 February 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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See the model portfoliosA plain-language summary of a public exchange filing by Bajaj Finance Limited. Read the original for the full detail.