Bajaj Finance Limited has successfully raised ₹2,069.501 crore through the allotment of 2,06,950 Secured Redeemable Non-Convertible Debentures (‘NCDs’) on a private placement basis. The company’s Debenture Allotment Committee approved the issuance at a face value of ₹1 Lakh per NCD. These debentures, offered at an interest rate of 8.70% per annum, will be listed on the Wholesale Debt Market Segment of BSE Limited and NSE Limited, providing liquidity for investors.
Bajaj Finance Secures Significant Funding Through NCD Issuance
Bajaj Finance Limited announced today, October 30, 2026, the successful allotment of 2,06,950 Secured Redeemable Non-Convertible Debentures (‘NCDs’). The total amount raised through this private placement amounts to ₹2,069.501 crore, with each NCD having a face value of ₹1 Lakh. This capital infusion is a strategic move to bolster the company’s financial resources.
Issuance Details and Terms
The issuance was approved by the Debenture Allotment Committee and involved two tranches:
- Option I: 80,750 NCDs aggregating to ₹807.5 crore.
- Option II: 1,26,200 NCDs aggregating to ₹1,262 crore.
The tenure for these instruments varies: 1134 days for Option I and 1826 days for Option II. Both series of NCDs carry a coupon interest rate of 8.70% per annum. The debentures are secured by a first pari-passu charge on book debts and loan receivables, ensuring a robust security cover of not less than 1.00 time the aggregate outstanding value of the debentures.
Listing and Repayment Schedule
The debentures are proposed to be listed on the Wholesale Debt Market Segment of both the BSE Limited and the National Stock Exchange of India Limited (NSE). The maturity dates are December 07, 2029 for Option I and October 30, 2031 for Option II. The schedule for coupon interest payments and principal repayment is structured to provide regular income to investors, with first coupon payments commencing on December 07, 2026 and continuing annually thereafter, along with principal repayment at maturity.
Source: BSE
