BAJFINANCE · Bajaj Finance Limited · BSE · Filed 9 Oct · 1 min read

Bajaj Finance raises ₹510.86 crore via private placement of NCDs

The lender allotted 51,000 secured redeemable debentures at a 7.78% coupon, maturing November 2029, through a re-issue under an existing ISIN.

What was filed

Bajaj Finance told the exchanges that its Debenture Allotment Committee met on 9 October 2026 and allotted secured redeemable non-convertible debentures on a private placement basis. The instruments are a re-issue under an existing ISIN (INE296A07UD5) and are proposed to be listed on the Wholesale Debt Market segment of BSE. The amount raised includes discount and accrued interest, per the filing.

Terms of the debentures

The debentures carry a fixed coupon payable annually and on maturity, with the first coupon due 9 November 2026 and maturity on 9 November 2029. Repayment, interest and related monies are secured by a first pari-passu charge on book debts and loan receivables, with a stated security cover of not less than 1.00 time the aggregate outstanding value of debentures issued under the shelf placement memorandum.

Issue size: Rs. 510.86 crore
Number of NCDs: 51,000
Face value per NCD: Rs. 1 Lakh
Coupon: 7.78% p.a.
Residual tenure: 1127 Residual Days
Date of maturity: 9 November 2029

The allotment is a routine debt-funding event for a lender, adding to Bajaj Finance's secured borrowings at a fixed coupon and relevant to holders tracking the company's funding cost and liability profile. The filing discloses no default or delay in payment.