Bajaj Finance Limited has announced the allotment of 2,12,000 Secured Redeemable Non-Convertible Debentures (NCDs) at a face value of ₹1 Lakh each, aggregating to ₹2,120 crore. This allotment was made on a private placement basis by the Debenture Allotment Committee. The debentures, carrying a tenure of 1,826 days, are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment and interest are secured by a first pari-passu charge on book debts and loan receivables.
Bajaj Finance Allots Secured NCDs
Bajaj Finance Limited has successfully completed the allotment of 2,12,000 Secured Redeemable Non-Convertible Debentures (NCDs). The total value of this private placement amounts to ₹2,120 crore, with each NCD having a face value of ₹1 Lakh. This significant fundraising initiative was approved by the Debenture Allotment Committee of the company.
Key Details of the Allotment
The issued NCDs have a tenure of 1,826 days, with the allotment date recorded as October 21, 2026, and maturity expected on October 21, 2031. These instruments are Zero Coupon NCDs, meaning no periodic interest payments will be made. The principal amount will be repaid on the maturity date. The debentures are slated for listing on the Wholesale Debt Market Segment of BSE Limited, providing liquidity for investors.
Security and Repayment
To secure the investors’ interests, the repayment of these debentures, along with any related charges, will be backed by a first pari-passu charge on the company’s book debts and loan receivables. This security cover is stipulated to be not less than 1.00 time the aggregate outstanding value of the debentures issued under the Shelf Placement Memorandum.
Source: BSE
