Bajaj Finance Allots ₹2,120 Cr NCDs

Bajaj Finance Ltd has announced the allotment of 2,12,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is ₹2,120 crore, with each NCD having a face value of ₹1 Lakh. These zero-coupon NCDs have a tenure of 1,826 days (approximately 5 years), maturing on October 21, 2031. The repayment of these debentures is secured by a first pari-passu charge on the company's book debts/loan receivables, with a security cover of not less than 1.00 time. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.