Bajaj Finance Allots 4,50,000 NCDs worth Rs. 4,505.15 Crore via Private Placement
Bajaj Finance Limited has completed a private placement allotment of Secured Redeemable NonConvertible Debentures (NCDs). The company allotted 4,50,000 NCDs at a face value of Rs. 1 Lakh each, aggregating to Rs. 4,505.15 Crore.The debenture allotment was finalized by the Debenture Allotment Committee of the Company on June 12, 2026. The transaction involves two distinct options for the issuance: Option I and Option II. These NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Key details regarding both series of debentures are presented below:
| Feature | Option I (Fresh Issue) | Option II (Reissue) |
|---|---|---|
| Size of Issue | 2,00,000 NCDs aggregating to Rs. 2,000.90 crore | 2,50,000 NCDs aggregating to Rs. 2,504.25 crore |
| ISIN | FRESH-INE296A07TZ0 | REISSUE - INE296A07TX5 |
| Tenure | 1096 Days | 1795 (Residual days) |
| Date of Allotment | 12 June 2026 | 12 June 2026 |
| Coupon Rate | 7.93% p.a. | 8.00% p.a. |
| Date of Maturity | 12 June 2029 | 12 May 2031 |
Financing and Security Details
For both sets of debentures, the repayment of the principal amount, interest thereon, Trustees' remuneration, and all other related monies will be secured by a first pari-passu charge on book debts/loan receivables. This security is provided with the condition that such cover must not be less than 1.00 times the aggregate outstanding value of debentures issued under this document.The allotment details specify different repayment schedules for the coupon and principal across the two options:
| Schedule Item | Option I (Fresh Issue) | Option II (Reissue) |
|---|---|---|
| First Coupon Date | 12 June 2027 | 12 May 2027 |
| Repayment Timeline | Coupons are payable annually on 12 June. | Coupons are payable annually on 12 May. |
| Schedule of Principal Repayment | 12-06-2027, 12-06-2028, 12-06-2029 | 12-05-2027, 12-05-2028, 12-05-2029, 12-05-2030, 12-05-2031 |
Both debentures are redeemable on maturity. The company confirmed that the security arrangement does not involve any special rights or privileges attached to the instrument, nor is it subject to a delay in payment of interest or principal for more than three months from the due date.
BAJFINANCE Stock Price Movement
Shares of Bajaj Finance Limited are edging higher to ₹908.5 as of 2:47 PM, rallying by 4.36% in live trading today. The stock maintains a robust intraday range, currently trading within the limits of ₹881.1 and ₹909.9.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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