Bajaj Finance Allots ₹498.22 Crore NCDs on Private Placement Basis
Bajaj Finance allotted 50,000 Secured Redeemable Non-Convertible Debentures worth ₹498.22 crore on a private placement basis. The NCDs have a face value of ₹1 Lakh each and mature on 4 July 2036, carrying an interest rate of 7.79% p.a. These debentures will be listed on BSE.
This is a standard debt issuance for funding purposes and is unlikely to have a material impact on the company's overall financial standing or market perception.
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 announced the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size aggregates to ₹498.22 crore, with each NCD having a face value of ₹1 Lakh.
The Debenture Allotment Committee of the Company approved this allotment during its meeting held on 18 August 2026. The NCDs carry a coupon rate of 7.79% per annum, with the first interest payment scheduled for 6 July 2027, followed by annual payments thereafter and on maturity.
The maturity date for these NCDs is 4 July 2036. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment and interest on these NCDs will be secured by a first pari-passu charge on the company's book debts and loan receivables, ensuring the security cover is not less than 1.00 time the aggregate outstanding value of the debentures.
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 low impact, the band that almost never moves a portfolio on its own.
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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.