Bajaj Finance Limited has successfully raised ₹1,025 crore through a private placement of Secured Redeemable Non-Convertible Debentures (NCDs). The allotment, approved on May 20, 2026, involves 1,02,500 NCDs issued at a face value of ₹1 lakh each. These instruments carry an interest rate of 8.08% p.a., with a tenor of 10 years, maturing on May 20, 2036, and include a put option exercisable after 3 years.
Issue Highlights
Bajaj Finance Limited announced the successful completion of a private placement of debt securities. The company allotted 1,02,500 NCDs, aggregating to a total value of ₹1,025 crore. The debentures were issued at a face value of ₹1,00,000 per unit. This capital infusion is part of the company’s broader strategy to manage its long-term financial requirements.
Interest and Tenure Details
The NCDs are structured with a tenor of 3653 days, reaching maturity on May 20, 2036. Investors are offered an annual interest rate of 8.08%. The first interest payment is scheduled for May 20, 2027, with subsequent payouts occurring annually. The instrument also features a put option, allowing investors to exercise their right at the end of the 3-year mark, specifically on May 21, 2029.
Security and Asset Backing
To safeguard the interests of the debenture holders, the issue is secured by a first pari-passu charge on the company’s book debts and loan receivables. The terms of the issue mandate that the security cover must remain at no less than 1.00 time the aggregate outstanding value of the debentures at all times throughout the tenure of the instrument.
Source: BSE
