Loan & Debt23 Jul 2026, 02:07 pm
Bajaj Finance Allots ₹1,152.64 Cr NCDs on Private Placement
AI Summary
Bajaj Finance Ltd announced the allotment of 1,14,076 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size aggregates to ₹1,152.64 Crore, with each NCD having a face value of ₹1 Lakh. These debentures carry a coupon rate of 7.93% per annum and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The maturity date for these NCDs is June 12, 2029. The repayment of these debentures is secured by a first pari-passu charge on the company's book debts/loan receivables.
Key Highlights
- Bajaj Finance allotted ₹1,152.64 Cr in NCDs.
- NCDs are secured, redeemable, and on private placement.
- Coupon rate is 7.93% p.a. with maturity in June 2029.
- Debentures will be listed on BSE Wholesale Debt Market.
- Security is a first pari-passu charge on book debts.
Price Impact
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