Bajaj Finance Limited announced the successful allotment of 2,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, totaling Rs. 2,500.20 crore. The allotment occurred on February 20, 2026, split into two tranches: Option I (Rs. 1,000.01 crore) and Option II (Rs. 1,500.19 crore). The instruments carry annual interest rates of 7.40% p.a. and 7.55% p.a., respectively, with tenures spanning from approximately 3 years to 5 years.
Debenture Allotment Finalized
Pursuant to the requisite disclosures, the Debenture Allotment Committee of Bajaj Finance Limited confirmed the allotment of 2,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on February 20, 2026. The face value for each NCD was Rs. 1 Lakh, resulting in an aggregate issuance value of Rs. 2,500.20 crore, executed through a private placement.
Details of Issued Tranches
The total issue was structured into two distinct options:
- OPTION I: Allocation of 1,00,000 NCDs, aggregating to Rs.1,000.01 crore.
- OPTION II: Allocation of 1,50,000 NCDs, aggregating to Rs.1,500.19 crore.
Instrument Terms and Tenures
The NCDs are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited. Key details for each option are as follows:
Option I Details (ISIN: INE296A07TV9):
- Tenure: 1116 Days from the date of allotment.
- Maturity Date: 12 March 2029.
- Coupon Rate: 7.40% p.a., paid annually and on maturity thereafter.
- Scheduled Payments: Interest payments are slated for 12-03-2027, 12-03-2028, and 12-03-2029.
Option II Details (ISIN: INE296A07TU1):
- Tenure: 1826 Days from the date of allotment.
- Maturity Date: 20 February 2031.
- Coupon Rate: 7.55% p.a., paid annually and on maturity thereafter.
- Scheduled Payments: Interest payments are slated for 20-02-2027, 20-02-2028, and 20-02-2029 (Note: Subsequent payments listed extending to 20-02-2030 and 20-02-2031 for interest/principal).
Security and Redemption
The debentures will be secured by a first pari-passu charge on book debts/loan receivables. This security cover must be maintained at not less than 1.00 time the aggregate outstanding value of the debentures issued under this documentation. The instruments are noted to be Redeemable on maturity.
The allotment committee meeting commenced at 12:45 p.m. and concluded at 01:00 p.m. on the date of allotment.
Source: BSE
