Loan & Debt24 Jun 2026, 12:01 pm
Bajaj Finance Allots ₹2,000.45 Cr NCDs on Private Placement
AI Summary
Bajaj Finance Ltd announced the allotment of 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 Lakh each, aggregating to ₹2,000.45 Crore. The allotment was made on a private placement basis. The NCDs have a tenure of 1826 days, with a coupon rate of 7.92% per annum, payable annually. The maturity date is June 24, 2031. These debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and are secured by a first pari-passu charge on book debts/loan receivables.
Key Highlights
- Bajaj Finance raised ₹2,000.45 Cr through NCD issuance.
- NCDs are secured, redeemable, and issued on private placement.
- The instrument carries a 7.92% annual coupon rate.
- Debentures will be listed on BSE Wholesale Debt Market.
- Maturity is set for June 24, 2031, with a 5-year tenure.
Price Impact
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