Bajaj Finance Allots ₹5000 Cr Secured NCDs on Private Placement

Bajaj Finance Ltd has announced the allotment of 500,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 Lakh each, aggregating to ₹5000 crore. The allotment was made on a private placement basis by the Debenture Allotment Committee on August 27, 2026. These NCDs have a tenure of 3653 days, maturing on August 27, 2036, and carry a coupon rate of 8.15% per annum. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The NCDs are secured by a first pari-passu charge on book debts/loan receivables, with asset cover of 1.10 times for original investors and 1 times for subsequent investors.