Bajaj Finance Allots Secured NCDs worth Rs. 1,025 Crore via Private Placement
Bajaj Finance Limited announced the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company’s Debenture Allotment Committee held its meeting on May 20, 2026, and approved the issuance of the NCDs.Under this private placement, Bajaj Finance allotted 1,02,500 NCDs. Each NCD has a face value of Rs. 1,00,000, aggregating to a total raise of Rs. 1,025 crore.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited.
The NCDs feature a coupon rate of 8.08% per annum. The initial coupon payment is scheduled for May 20, 2027, followed by annual payments until maturity.
The allotment has a tenure of 10 years and includes a put option at the end of 3 years, specifically on May 21, 2029. The maturity date for the instrument is May 20, 2036.
The debentures are secured by a first pari-passu charge on book debts/loan receivables. The company specified that this security cover must not be less than 1.00 time the aggregate outstanding value of the debentures issued under the document.
Key details regarding the NCD allotment are provided below:
| Detail | Value |
|---|---|
| Total NCDs Allotted | 1,02,500 |
| Face Value Per NCD | Rs. 1,00,000 |
| Aggregate Value | Rs. 1,025 crore |
| Allotment Date | May 20, 2026 |
| Maturity Date | May 20, 2036 |
| Coupon Rate | 8.08% p.a. |
| Tenor | 10 Years (with Put Option on May 21, 2029) |
| Security | First pari-passu charge on book debts/loan receivables |
| ISIN | FRESHISSUE-INE296A07TY3 |
BAJFINANCE Stock Price Movement
As of 1:34 PM, shares of Bajaj Finance Limited are shedding 0.84% in live trading, currently hovering at ₹915.8. The stock is trading on a volume of 3.83 million shares, remaining within an intraday range of ₹908.45 to ₹921.85.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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