Bajaj Finance allots INR 59,944.3m NCDs on private placement

Bajaj Finance (BSE:BAJFINANCE) announced today, April 3, 2025, the allotment of 599,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement. The NCDs, with a face value of INR 100,000 each, aggregate to INR 59,944.3 Million. The debentures are slated for listing on the Wholesale Debt Market Segment of BSE Limited. The allotment consists of two options: 299,000 NCDs with ISIN INE296A07TH8 and a tenure of 3652 days maturing on April 3, 2035, and 300,000 NCDs with ISIN INE296A07T16 and a tenure of 1826 days maturing on April 3, 2030. Option I offers a coupon rate of 7.55% p.a., while Option II offers 7.57% p.a., with annual coupon payments. The debentures are secured by a first pari-passu charge on book debts/loan receivables, ensuring a security cover not less than 1.00 time the outstanding value of the debentures. The redemption of the debentures will occur on maturity.