Bajaj Finance allots INR 15bn in debentures

Bajaj Finance has allotted 150,000 secured redeemable non-convertible debentures (NCDs) with a face value of INR 100,000 each, aggregating to INR 15 billion, on a private placement basis. The debentures, bearing ISIN INE296A07TM8, are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. Allotted on July 8, 2025, they have a tenure of 1098 days and will mature on July 10, 2028. The coupon rate is 7.11% per annum, with the first coupon payment due on July 10, 2026, and subsequent payments annually until maturity. The debentures are secured by a first pari-passu charge on book debts/loan receivables, ensuring the security cover is not less than 1.00 times the outstanding value of the debentures.