Bajaj Finance allots INR 542.74 crore NCDs

Bajaj Finance announced the allotment of 5,450 secured redeemable non-convertible debentures (NCDs) with a face value of ₹10 lakh each, totaling ₹542.74 crore, through private placement. The Debenture Allotment Committee approved the issuance on March 19, 2025. The NCDs, identified by ISIN INE296A07RD1, have a tenure of 1,790 residual days and will mature on February 11, 2030. The coupon rate is set at 7.60% per annum, payable annually, with the first payment due on February 28, 2026. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The repayment of the Debentures is secured by a first pari-passu charge on the company's book debts and loan receivables. The meeting to approve the allotment began at 11:00 a.m. and concluded at 11:20 a.m.