Bajaj Finance Limited today announced the successful allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, aggregating to a total issue size of Rs. 500.00 crore. Each debenture has a face value of Rs. 1 Lakh. The instruments carry an annual interest rate of 7.31% p.a., with a tenure of 729 days, maturing on February 11, 2028. The allotment date was February 12, 2026.
Debenture Allotment Details
Bajaj Finance Limited confirmed the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) following a meeting of the Debenture Allotment Committee held on February 12, 2026. The aggregate value of this private placement issuance stands at Rs. 500.00 crore, with a face value of Rs. 1 Lakh per NCD.
Key Instrument Terms
The newly issued instruments, identified by the ISIN INE296A07TT3, are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited. The key financial terms are summarized as follows:
- Tenure: 729 Days from the allotment date.
- Date of Allotment: 12 February 2026.
- Date of Maturity: 11 February 2028.
- Coupon Rate: 7.31% p.a..
- Interest Payment Schedule: The first coupon payment is scheduled for 12 February 2027, followed by annual payments thereafter and on maturity.
- Redemption: The debentures are Redeemable on maturity.
Security Arrangement
The repayment of the debentures, interest, and related remuneration will be secured by a first pari-passu charge. This charge is created over the company’s book debts/loan receivables. Importantly, the security cover maintained must not be less than 1.00 time the aggregate outstanding value of the debentures issued under this specific document.
Company Authorization
The communication was formally made by R. Vijay, Company Secretary, following the committee meeting which convened from 11:45 a.m. and concluded at 12:10 p.m. on the date of allotment.
Source: BSE
