Bajaj Finance Allots ₹500 Crore in Secured NCDs on Private Placement
Bajaj Finance allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹500 crore on a private placement basis. The NCDs mature on February 11, 2028, and carry a 7.31% annual interest rate. They will be listed on BSE's Wholesale Debt Market Segment.
The issuance of ₹500 crore in debt will impact the company's capital structure and liquidity, but it is a standard fundraising activity for a financial institution of this size.
The announcement details a routine debt fundraising activity through the issuance of NCDs. It does not contain any information that would positively or negatively impact the company's outlook.
Bajaj Finance Limited, through its Debenture Allotment Committee, has successfully allotted 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to ₹500 crore, with each NCD having a face value of ₹1 Lakh.
The allotment took place on February 12, 2026. These NCDs carry a coupon rate of 7.31% per annum. The first coupon payment is scheduled for February 12, 2027, with subsequent annual payments and a final payment on maturity.
The tenure of these NCDs is 729 days from the date of allotment, making the maturity date February 11, 2028. The repayment of these debentures, along with interest, will be secured by a first pari-passu charge on the company's book debts and loan receivables, ensuring a security cover of not less than 1.00 times the aggregate outstanding value of the debentures.
The Debenture Allotment Committee meeting commenced at 11:45 a.m. and concluded at 12:10 p.m. on February 12, 2026. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
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.