Bajaj Finance Allots ₹4,505 Crore NCDs on Private Placement Basis
Bajaj Finance allotted 4,50,000 NCDs worth ₹4,505.15 Crore on June 12, 2026. Option I (₹2,000.90 Crore) matures June 12, 2029 at 7.93% p.a. Option II (₹2,504.25 Crore) matures May 12, 2031 at 8.00% p.a. The NCDs are secured by book debts and proposed for listing on BSE.
The company is raising a significant amount of debt, which can impact its leverage and financial structure. However, it is a common practice for NBFCs to raise funds through NCDs.
The announcement is a routine debt fundraising activity and does not inherently contain positive or negative news for the company's operations or stock performance.
Bajaj Finance Limited has announced the allotment of 4,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) through private placement. The Debenture Allotment Committee of the company approved this allotment during its meeting held on June 12, 2026.
The total issue size aggregates to ₹4,505.15 Crore, with NCDs having a face value of ₹1 Lakh each. The allotment is divided into two options: Option I comprises 2,00,000 NCDs aggregating to ₹2,000.90 Crore with a tenure of 1096 days, maturing on June 12, 2029. Option II includes 2,50,000 NCDs aggregating to ₹2,504.25 Crore with a tenure of 1795 days (residual), maturing on May 12, 2031.
The NCDs in Option I will carry an interest rate of 7.93% per annum, with the first coupon payable on June 12, 2027, and thereafter annually. For Option II, the interest rate is 8.00% per annum, with the first coupon payable on May 12, 2027, and thereafter annually. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The repayment of these debentures and their interest will be secured by a first pari-passu charge on the company's book debts/loan receivables, ensuring a security cover of not less than 1.00 time the aggregate outstanding value of the debentures issued. The meeting of the Debenture Allotment Committee commenced at 1:40 p.m. and concluded at 2:10 p.m. on June 12, 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.