Bajaj Finance Allots Secured Non-Convertible Debentures Worth Rs 2004.31 Crore on Private Placement
Bajaj Finance Limited has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement basis. The company allotted 2,00,400 NCDs, with each debenture having a face value of Rs 1,00,000, aggregating to a total value of Rs 2004.31 crore.The allotment of these debentures was completed on April 17, 2026.
Key Details of the NCD Issuance
The debentures carry a coupon rate of 7.77% per annum. The repayment and interest payments are scheduled across three dates.The following table outlines the structure and key parameters of the NCDs:
| Parameter | Detail |
|---|---|
| Total Size of Issue | 2,00,400 NCDs |
| Face Value Per Unit | Rs 1,00,000 |
| Aggregate Value | Rs 2004.31 crore |
| Interest Rate (Coupon) | 7.77% p.a. |
| ISIN | FRESHISSUE-INE296A07TW7 |
| Tenure | 1096 Days from date of allotment |
| Allotment Date | April 17, 2026 |
| Maturity Date | April 17, 2029 |
Payment Schedule and Security
The initial coupon payment is scheduled for April 17, 2027, followed by annual payments and the principal repayment on maturity. The schedule for coupon/interest and principal repayment is set for April 17, 2027; April 17, 2028; and April 17, 2029.Regarding security, the debenture repayment, interest, trustees' remuneration, and all other related monies will be secured by a first pari-passu charge. This charge will be created on book debts/loan receivables, with the condition that the security cover must not be less than 1.00 time the aggregate outstanding value of the debentures.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The instrument is noted as being redeemable upon maturity.
BAJFINANCE Stock Price Movement
Shares of Bajaj Finance Limited are edging up to ₹909.5 as of 1:41 PM, gaining 0.40% in live trading after an intraday jump of ₹3.60. The stock sustains strong momentum, with 3.57 million shares trading through the current session.Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.