Bajaj Finance Limited has successfully completed the private placement of secured, redeemable non-convertible debentures (NCDs), raising ₹2,004.31 crore. The issuance consists of 2,00,400 NCDs, each with a face value of ₹1 lakh. These instruments are scheduled to be listed on the Wholesale Debt Market segment of the BSE Limited, reflecting the company’s ongoing strategy to strengthen its capital resources.
Issue Highlights
On April 17, 2026, the Debenture Allotment Committee of Bajaj Finance finalized the allotment of 2,00,400 NCDs at a face value of ₹1,00,000 per unit. The total aggregate value of the issue stands at ₹2,004.31 crore, reinforcing the company’s liquidity position through private placement.
Terms and Maturity
The debentures carry a coupon rate of 7.77% p.a., with the first interest payment scheduled for April 17, 2027. The instruments have a tenure of 1096 days, reaching maturity on April 17, 2029, at which point the principal will be redeemed.
Security and Asset Coverage
To ensure investor protection, the debentures are backed by a first pari-passu charge on the company’s book debts and loan receivables. The terms stipulate a security cover of at least 1.00 time the aggregate outstanding value of the debentures, providing a robust collateral structure for the debt issued.
Source: BSE
