Bajaj Finance Allots ₹1,025 Cr NCDs on Private Placement

Bajaj Finance Ltd has allotted 1,02,500 secured redeemable non-convertible debentures (NCDs) with a face value of ₹1 lakh each, aggregating to ₹1,025 crore, on a private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument is 3653 days from the date of allotment, with a maturity date of May 20, 2036, and a put option at the end of 3 years on May 21, 2029. The coupon interest offered is 8.08% p.a., payable annually, with the first coupon payment due on May 20, 2027.