Bajaj Finance Ltd Allots Over Rs 5,306 Crore in Secured Redeemable NonConvertible Debentures
Bajaj Finance Limited has announced the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company allotted a total of 5,30,500 NCDs, each with a face value of Rs 1 Lakh, aggregating to Rs 5,306.57 Crore.The allotment details were finalized by the Debenture Allotment Committee of the Company during a meeting held on July 6, 2026. The issuance included two distinct options, both of which were designated for listing on the Wholesale Debt Market Segment of BSE Limited.
| Particulars | Option I | Option II |
|---|---|---|
| Size of Issue (NCDs) | 4,00,000 | 1,30,500 |
| Total Value | Rs 4,001.37 crore | Rs 1,305.20 crore |
| ISIN | FRESHISSUE-INE296A07UB9 | FRESHISSUE-INE296A07UC7 |
| Tenure of Instrument | 1172 days | 3651 days |
| Date of Allotment | July 6, 2026 | July 6, 2026 |
| Date of Maturity | September 20, 2029 | July 4, 2036 |
| Coupon/Interest Rate | 7.70% p.a. | 7.79% p.a. |
The financial structure detailed in the allotment includes specific repayment and security provisions for both tranches. The debentures’ repayment, interest thereon, Trustees’ remuneration, and all related monies are secured by a first pari passu charge on book debts/loan receivables, provided that the security cover meets at least 1.00 time the aggregate outstanding value of the debentures issued under this document.
Key details regarding the coupon payments for each option are outlined below:
| Feature | Option I Details | Option II Details |
|---|---|---|
| First Coupon Payment Date | September 20, 2027 | July 6, 2027 |
| Coupon/Interest Offered | 7.70% p.a. | 7.79% p.a. |
| Maturity Date | September 20, 2029 | July 4, 2036 |
The schedule of payment for interest and principal repayment aligns with the specific tenure of each instrument. The allotment confirms that both debentures are redeemable on maturity, and no special rights or privileges were attached to either instrument as per the documentation.
BAJFINANCE Stock Price Movement
As of 2:59 PM, shares of Bajaj Finance Limited are slipping by 0.41% in live trading, currently priced at ₹1027.2 as investors navigate the market movements. The stock sees substantial activity, with a traded volume of 3.72 million shares, positioning it near its intraday low of ₹1024.8.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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