Bajaj Finance Allots Rs 1,455.40 Crore Worth of Secured Non-Convertible Debentures in Private Placement
Bajaj Finance Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) worth Rs 1,455.40 crore through a private placement process. The company’s Debenture Allotment Committee approved the issuance on June 18, 2026.The allotment involved 1,39,000 NCDs, each having a face value of Rs 1 Lakh. These debentures were issued at an issue price of Rs 1,04,705.27 per NCD, which included a discount of Rs 1,551.2.
The secured instrument carries a coupon rate of 7.07% per annum. The payment frequency for the coupon is set to be annual, with the first coupon payment due on September 21, 2026.
Bajaj Finance Limited confirmed that the debentures are proposed to be listed in the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is 826 Residual Days, and the maturity date for the NCDs is set for September 21, 2028.
The repayment terms include a first pari-passu charge created over book debts and loan receivables. This security measure requires that the security cover must be no less than 1.00 time the aggregate outstanding value of the debentures being issued under this document.
Key details regarding the NCD issuance are summarized below:
| Particulars | Details |
|---|---|
| Issue Size | Rs 1,455.40 crore |
| Face Value per NCD | Rs 1 Lakh |
| Issue Price per NCD | Rs 1,04,705.27 |
| Coupon Rate | 7.07% p.a. |
| Allotment Date | June 18, 2026 |
| Maturity Date | September 21, 2028 |
| Listing Proposal | Wholesale Debt Market Segment of BSE Limited |
BAJFINANCE Stock Price Movement
As of 12:13 PM, shares of Bajaj Finance Limited are slipping by 0.55% in live trading, currently at ₹953.15, as investors react to the market movements. The stock has traded within a narrow intraday range, finding support near the day's low of ₹948 and reaching a high of ₹960.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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