Bajaj Finance Ltd Allots Secured NCDs Aggregating Rs 1,152.64 Crore via Private Placement
Bajaj Finance Ltd has completed the allotment of secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company's Debenture Allotment Committee allotted 1,14,076 NCDs at a face value of Rs 1 Lakh each, totaling Rs 1,152.64 Crore.The allotment took place on July 23, 2026, with the debentures proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. These instruments carry a coupon rate of 7.93% per annum. The first coupon payment is scheduled for June 12, 2027, with subsequent annual payments due on June 12th of 2028 and 2029.
The NCDs have a tenure of 1055 residual days and are redeemable on maturity, which is set for June 12, 2029. The ISIN assigned to the instrument is RE-ISSUE - INE296A07TZ0.
Key details regarding the secured NCDs have been summarized as follows:
| Feature | Detail |
|---|---|
| Total Issue Size | 1,14,076 Secured NCDs aggregating to Rs 1,152.64 crore |
| Face Value per NCD | Rs 1 Lakh |
| Allotment Date | July 23, 2026 |
| Maturity Date | June 12, 2029 |
| Coupon Rate | 7.93% p.a. |
| Security | Secured by a first pari-passu charge on book debts/loan receivables |
The repayment of the debentures, including interest and trustees' remuneration, is secured by this primary charge. The security coverage for the debentures must be no less than 1.00 times the aggregate outstanding value. There are no special rights or privileges attached to the instrument.
BAJFINANCE Stock Price Movement
At 2:17 PM, shares of Bajaj Finance Limited shed value, dipping 1.17% to trade at ₹1047.9 after falling by ₹12.40 in live trading. The stock saw significant market activity, with nearly 4.8 million shares traded during the day so far.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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