Bajaj Finance allots INR776.52 crore in secured debentures

Bajaj Finance (BAJFINANCE) announced the allotment of 7,814 secured redeemable non-convertible debentures (NCDs), with a face value of ₹10 lakh each, totaling ₹776.52 crore. This allotment, made on a private placement basis, was approved by the Debenture Allotment Committee on March 3, 2025. The NCDs, bearing the ISIN RE ISSUE-INE296A07RD1, have a maturity date of February 11, 2030 and offer a coupon rate of 7.60% per annum, payable annually. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. They are secured with a pari-passu charge on book debts/loan receivables, and will cover at least 1.00 time the aggregate outstanding value of debentures. This move is in accordance with SEBI regulations.