Bajaj Finance Ltd, a leading Indian financial services company, has successfully raised ₹1,859.30 crore through the allotment of 183,500 secured redeemable non-convertible debentures (NCDs) via private placement. The debentures carry a 7.37% annual interest rate and have a tenure of 1,780 residual days, maturing on September 27, 2030.
Key Details of the NCD Issuance
- Number of NCDs: 183,500
- Face Value: ₹1 lakh each
- Total Issue Size: ₹1,859.30 crore
- Interest Rate: 7.37% p.a.
- Tenure: 1,780 residual days
- Allotment Date: November 12, 2025
- Maturity Date: September 27, 2030
- Listing: Proposed on the Wholesale Debt Market Segment of BSE Limited
- ISIN: INE296A07TQ9 (Re-issue)
Interest Payment Schedule
The NCDs will pay annual coupons, starting September 27, 2026, and continue annually until maturity.
Security and Repayment
- Secured by a first pari-passu charge on Bajaj Finance’s book debts and loan receivables.
- Maintains a minimum 1.0x security cover, providing assurance to investors regarding repayment.
Significance of the NCD Issuance
- Funding Strategy: Strengthens Bajaj Finance’s capital structure and supports growth initiatives.
- Investor Confidence: Successful placement highlights strong trust in the company’s financial stability and business model.
- Liquidity Management: Proceeds can be used for liquidity enhancement, refinancing, or business expansion.
- Market Positioning: Reinforces Bajaj Finance’s standing as a major player in the Indian financial services sector, capable of attracting substantial investor interest.
Summary
Bajaj Finance’s ₹1,859.30 crore NCD issuance reflects strategic financial management, offering investors secured debt with attractive returns. The move strengthens the company’s liquidity, supports growth, and underscores investor confidence in its robust business model.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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