Bajaj Finance Limited has successfully allotted 4,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to ₹4,505.15 Crore, with each NCD having a face value of ₹1 Lakh. The allotment, finalized on 12 June 2026, is split into two options with varying tenures and interest rates, reflecting the company’s strategy for robust financial management.
Secured NCD Allotment Details
Bajaj Finance Limited announced today, 12 June 2026, the allotment of 4,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) via private placement. The total value of this issuance stands at ₹4,505.15 Crore, with each NCD carrying a face value of ₹1 Lakh.
Option I: NCD Allotment
Under Option I, 2,00,000 NCDs were allotted, aggregating to ₹2,000.90 Crore. These debentures have a tenure of 1096 Days and are set to mature on 12 June 2029. The coupon interest offered is 7.93% p.a., with the first coupon payable on 12 June 2027, followed by annual payments and a final payment on maturity.
Option II: NCD Allotment
Option II saw the allotment of 2,50,000 NCDs, totaling ₹2,504.25 Crore. These debentures have a residual tenure of 1795 Days and a maturity date of 12 May 2031. The coupon interest for this option is higher at 8.00% p.a., with the first coupon due on 12 May 2027 and subsequent annual payments and maturity payments.
Listing and Security Details
Both sets of debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The NCDs are secured by a first pari-passu charge on book debts and loan receivables, ensuring the security cover is not less than 1.00 time the aggregate outstanding value of debentures issued. The debentures are redeemable on maturity.
Payment Schedules
The schedule for payment of coupon interest and principal for Option I includes dates like 12-06-2027, 12-06-2028, and 12-06-2029. For Option II, payments are scheduled for 12-05-2027, 12-05-2028, 12-05-2029, 12-05-2030, and 12-05-2031.
Source: BSE
