Bajaj Finance Limited has successfully concluded the allotment of secured redeemable non-convertible debentures (NCDs) on a private placement basis. The company raised an aggregate amount of ₹2,892.42 crore through this issuance. The NCDs have been divided into two distinct options with varying tenures and interest rates to meet the company’s capital requirements. The funds raised will be utilized in line with the company’s long-term financial strategy.
Issue Highlights
On May 12, 2026, the Debenture Allotment Committee of Bajaj Finance Limited finalized the issuance of 2,892,000 NCDs, each with a face value of ₹1 lakh. This private placement is structured across two options to provide flexibility in the company’s debt profile.
Breakdown of NCD Options
The issuance is split into two tranches:
- Option I: This tranche consists of 1,07,000 NCDs aggregating to ₹1,070.42 crore. It carries an interest rate of 7.77% p.a., with a residual tenure of 1,071 days, maturing on April 17, 2029.
- Option II: This tranche comprises 1,82,200 NCDs aggregating to ₹1,822 crore. It offers a coupon rate of 8.00% p.a. with a longer tenure of 1,826 days, maturing on May 12, 2031.
Security and Redemption
The debentures are secured by a first pari-passu charge on the company’s book debts and loan receivables. The security cover is maintained at a minimum of 1.00 time the aggregate outstanding value of the debentures. Both options are structured for redemption at maturity and are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited.
Source: BSE
