Bajaj Finance allots INR 500 crore in private NCDs

Bajaj Finance (BSE:BAJFINANCE) announced today the allotment of 50,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of INR 1 Lakh each, totaling INR 500 crore. The allotment was approved by the Debenture Allotment Committee on April 17, 2025, and offered on a private placement basis. These NCDs, identified by ISIN INE296A07TJ4, have a tenure of 1166 days and will mature on June 26, 2028. The coupon rate is set at 7.3763% per annum, with annual coupon payments commencing on June 26, 2026. The debentures will be secured by a first pari-passu charge on the company's book debts/loan receivables. Bajaj Finance intends to list the debentures on the Wholesale Debt Market Segment of BSE Limited.