Bajaj Finance Allots ₹1,455 Cr NCDs on Private Placement

Bajaj Finance Ltd announced the allotment of 1,39,000 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹1,455.40 crore on a private placement basis. The NCDs have a face value of ₹1 Lakh each and were issued at a price of ₹1,04,705.27 per NCD. The issue carries a coupon rate of 7.07% per annum, with maturity on September 21, 2028. The repayment of these debentures is secured by a first pari-passu charge on the company's book debts/loan receivables. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.