Bajaj Finance Allots 2,00,000 Secured NCDs in Private Placement amounting to Rs. 2,000.45 Crore
Bajaj Finance Ltd has completed the allotment of a tranche of Secured Redeemable NonConvertible Debentures (NCDs) through a private placement mechanism. The company allotted 2,00,000 such NCDs at a face value of Rs. 1 Lakh each, aggregating to Rs. 2,000.45 Crore on June 24, 2026.The Debenture Allotment Committee approved the issuance in its meeting held on June 24, 2026. These NCDs are structured for repayment and interest payments over several years.
Key details regarding the secured debentures include:
| Particulars | Details |
|---|---|
| Size of Issue | 2,00,000 Secured NCDs |
| Face Value per NCD | Rs. 1 Lakh |
| Aggregate Issue Value | Rs. 2,000.45 Crore |
| Allotment Date | June 24, 2026 |
| Maturity Date | June 24, 2031 (1826 days) |
| Coupon Rate | 7.92% p.a. |
The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is set for 1826 days.
Security and Repayment Structure
A first pari-passu charge has been created over the assets to secure repayment, interest, and all other associated monies related to these debentures. This security is provided on book debts/loan receivables, with a condition stipulating that the security cover must be no less than 1.00 time the aggregate outstanding value of the debentures being issued under this document.The annual coupon payments are scheduled for specific dates between 2027 and 2030, culminating in the final principal repayment on June 24, 2031. The debentures are redeemable on maturity.
BAJFINANCE Stock Price Movement
Shares of Bajaj Finance Limited are edging higher to ₹981.5 as of 12:12 PM today, gaining 1.98% in live trading. The stock is seeing robust activity, with a volume approaching 3.7 million shares bolstering its climb.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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