Bajaj Finance Ltd Allots 1,11,500 Secured NCDs worth Rs. 1,115 crore via Private Placement
Bajaj Finance Ltd has successfully allotted 1,11,500 Secured Redeemable NonConvertible Debentures (NCDs) aggregating to Rs. 1,115 crore through a private placement on August 10, 2026. The allotment was made by the company’s Debenture Allotment Committee.The NCDs were allotted at a face value of Rs. 1 Lakh per debenture. These instruments are scheduled to mature in November 2029 and carry an annual coupon rate of 7.78%.
The debentures, identified with ISIN INE296A07UD5, have been proposed for listing on the Wholesale Debt Market Segment of BSE Limited. They were issued over a tenure of 1,187 days.
Key details regarding the NCD issuance are summarized below:
| Particulars | Details |
|---|---|
| Issue Size | 1,11,500 Secured NCDs |
| Face Value per NCD | Rs. 1 Lakh |
| Total Aggregate Amount | Rs. 1,115 crore |
| Coupon Rate | 7.78% p.a. |
| Allotment Date | 10 August 2026 |
| Maturity Date | 9 November 2029 |
The first coupon payment for the debentures is set for November 09, 2026, with subsequent annual payments scheduled on November 09 of each year until maturity.
Regarding the financial security of the instruments, a first pari-passu charge has been created over book debts and loan receivables. The company specified that this security must cover no less than 1.00 time the aggregate outstanding value of the debentures issued under this document.
The NCDs are redeemable upon maturity on November 9, 2029.
BAJFINANCE Stock Price Movement
Shares of Bajaj Finance Limited are edging higher as of 3:05 PM, trading at ₹1087.8 after climbing by ₹9.80 (0.91%). The stock sees robust activity in the live market session, with approximately 2.93 million shares traded.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.