Bajaj Finance Allots Secured NonConvertible Debentures Worth Rs. 2892.42 Crore
Bajaj Finance Limited announced the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee, meeting on 12 May 2026, approved the allotment of a total of 2,89,200 NCDs, with a face value of Rs. 1 Lakh each, aggregating to Rs. 2892.42 crore.The allotment was structured across two tranches, categorized as OPTION I and OPTION II.
Details of Debenture Allotment
The two tranches of NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The key details for both options are presented below:| Particulars | OPTION I (REISSUE) | OPTION II (FRESH) |
|---|---|---|
| Number of NCDs | 1,07,000 NCDs | 1,82,200 NCDs |
| Aggregate Value | Rs. 1070.42 crore | Rs. 1822 crore |
| ISIN | REISSUE -INE296A07TW7 | FRESH-INE296A07TX5 |
| Tenure | 1071 (Residual days) | 1826 Days |
| Allotment Date | 12 May 2026 | 12 May 2026 |
| Maturity Date | 17 April 2029 | 12 May 2031 |
| Coupon/Interest Rate | 7.77% p.a. | 8.00% p.a. |
| Coupon Payment | First coupon payable on 17 April 2027, annually thereafter. | First coupon payable on 12 May 2027, annually thereafter. |
Security and Redemption Terms
For both the reissued and fresh debentures, the repayment, interest, and Trustees' remuneration will be secured by a first pari-passu charge on book debts/loan receivables. The security cover required is stipulated to be no less than 1.00 time the aggregate outstanding value of debentures issued under the document.The instruments are redeemable upon maturity. Both tranches feature no special rights or interests attached to the instrument, and there were no specific comments noted regarding payment or non-payment of interest or principal.
BAJFINANCE Stock Price Movement
As of 2:52 PM, shares of Bajaj Finance Limited are shedding 2.89% in live trading, currently trading at ₹909.00. The stock is hovering near its day low of ₹908.00, having seen 3.79 million shares traded throughout the session.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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