Bajaj Finance Allots ₹510.86 Cr NCDs

Bajaj Finance Ltd announced the allotment of 51,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee approved the allotment of NCDs with a face value of Rs. 1 Lakh each, aggregating to Rs. 510.86 crore. These NCDs carry a coupon rate of 7.78% per annum and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The maturity date for these debentures is November 9, 2029. The repayment of these debentures is secured by a first pari-passu charge on the company's book debts/loan receivables.