Bajaj Finance Allots ₹498.22 Cr Secured NCDs

Bajaj Finance Ltd announced the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The NCDs, each with a face value of ₹1 Lakh, aggregate to ₹498.22 crore. The debentures carry a coupon rate of 7.79% per annum, with the first interest payment due on July 6, 2027, and subsequent payments annually thereafter, including the principal on maturity on July 4, 2036. The issue 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.