Bajaj Finance has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1,555 crore on a private placement basis. The Debenture Allotment Committee approved the allotment of 1,55,500 NCDs with a face value of ₹1 Lakh each on September 29, 2025. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
NCD Allotment Details
Bajaj Finance has allotted Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, with the decision made by the Debenture Allotment Committee on September 29, 2025. The total issue size is ₹1,555 crore, consisting of 1,55,500 NCDs at a face value of ₹1 Lakh each.
Key Terms of the NCDs
The NCDs have the ISIN code INE296A07TQ9 and a tenure of 1824 days. The date of allotment is September 29, 2025, and the date of maturity is September 27, 2030. The coupon/interest offered is 7.37% p.a. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
Coupon Payment Schedule
The coupon payment frequency is annual, with the first coupon payable on September 27, 2026, and annually thereafter until maturity on September 27, 2030. Specific coupon payment dates are set for September 27 of each year from 2026 to 2030.
Security and Charge on Assets
The debentures, along with interest, Trustees’ remuneration, and other related monies, are secured by a first pari-passu charge on book debts/loan receivables. The security cover should not be less than 1.00 time the aggregate outstanding value of debentures issued under this document.
Meeting Conclusion
The meeting regarding the NCD allotment commenced at 11:40 a.m. and concluded at 11:55 a.m. on September 29, 2025.
Source: BSE
