Bajaj Finance Allots ₹2,892 Crore NCDs on Private Placement
Bajaj Finance allotted 2,89,200 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹2892.42 crore on private placement. The allotment includes two options: Option I for ₹1070.42 crore maturing in April 2029 and Option II for ₹1822 crore maturing in May 2031. Interest rates are 7.77% and 8.00% respectively.
The allotment of NCDs worth over ₹2800 crore signifies a substantial fundraising activity for the company, which is crucial for its ongoing operations and growth. However, as it's a private placement and debt issuance, the direct impact on equity shareholders is generally considered moderate.
The announcement pertains to a routine debt fundraising activity through the issuance of NCDs via private placement. It does not contain any elements that would significantly impact the company's stock price positively or negatively.
Bajaj Finance Limited announced the allotment of 2,89,200 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 12 May 2026.
The total value of the allotted NCDs amounts to ₹2892.42 crore, with each NCD having a face value of ₹1 Lakh.
Option I of the issue involved 1,07,000 NCDs aggregating to ₹1070.42 crore, with a tenure of 1071 days (residual days) and a coupon rate of 7.77% per annum. These NCDs are set to mature on 17 April 2029.
Option II comprised 1,82,200 NCDs aggregating to ₹1822 crore, with a tenure of 1826 days and a coupon rate of 8.00% per annum. These NCDs will mature on 12 May 2031.
Both series of debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment of these debentures and interest thereon will be 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 the debentures issued.
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.