FilingReader Intelligence

Bajaj Finance allots INR 12.51bn NCDs on private placement

April 9, 2025 at 07:08 PM UTCBy FilingReader AI

Bajaj Finance (BSE: 500034) announced the allotment of 125,000 secured redeemable non-convertible debentures (NCDs) with a face value of INR 100,000 each, totaling INR 12.51 billion, on a private placement basis. The Debenture Allotment Committee approved the allotment during a meeting held on April 9, 2025. The NCDs, identified by ISIN INE296A07TH8, have a tenure of 3646 residual days and a maturity date of April 3, 2035. The coupon rate is fixed at 7.55% per annum, payable annually. The debentures will be secured by a first pari-passu charge on book debts/loan receivables and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The schedule of coupon and principal payments commences on April 3, 2026, and continues annually until the maturity date.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:BAJFINANCEBombay Stock Exchange

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