Investment20 Feb 2026, 01:11 pm
Bajaj Finance Ltd Allots 2,50,000 NCDs Worth Rs. 2,500.20 Crore
AI Summary
Bajaj Finance Ltd has allotted 2,50,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis, amounting to Rs. 2,500.20 crore. The allotment includes 1,00,000 NCDs of face value of Rs. 1,00,000 each and 1,50,000 NCDs of face value of Rs. 1,00,000 each. The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure of the instrument for the first option is 1116 days from the date of allotment and for the second option is 1826 days from the date of allotment. The coupon/interest offered is 7.40% p.a. for the first option and 7.55% p.a. for the second option. The debentures will be secured by a first pari-passu charge on book debts/loan receivables.
Key Highlights
- Bajaj Finance Ltd allots 2,50,000 NCDs worth Rs. 2,500.20 crore
- NCDs are secured by a first pari-passu charge on book debts/loan receivables
- The first option of NCDs has a tenure of 1116 days from the date of allotment
- The second option of NCDs has a tenure of 1826 days from the date of allotment
- The coupon/interest offered is 7.40% p.a. for the first option and 7.55% p.a. for the second option