Bajaj Finance has allotted 1,83,500 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 Lakh each, totaling ₹1,859.30 crore, through private placement. The debentures carry a coupon rate of 7.37% p.a., with the first coupon payment due on September 27, 2026. These debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and will mature on September 27, 2030.
NCD Allotment Details
Bajaj Finance has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee of the company finalized the allotment on November 12, 2025. A total of 1,83,500 NCDs were allotted, each with a face value of ₹1 Lakh.
Key Financial Details
The aggregate value of the NCDs allotted amounts to ₹1,859.30 crore. The coupon/interest offered is 7.37% p.a., and coupon payments will be made annually, starting with the first payment on September 27, 2026, and continuing annually until maturity.
Schedule of Payments and Maturity
The coupon payments are scheduled for September 27 of each year, from 2026 to 2029. The final coupon payment and principal repayment will be made on the maturity date, September 27, 2030.
Listing and Security
The company intends to list the debentures on the Wholesale Debt Market Segment of BSE Limited. The ISIN for the NCDs is RE ISSUE – INE296A07TQ9. The debentures are secured by a first pari-passu charge on the company’s book debts/loan receivables, ensuring a security cover of not less than 1.00 time the outstanding value of the debentures issued.
Source: BSE
