Bajaj Finance raises ₹1,350 crore via debenture allotment

Bajaj Finance Limited announced the allotment of 135,000 secured redeemable non-convertible debentures (NCDs) on a private placement basis, totaling ₹1,350 crore. The debentures, each with a face value of ₹1 lakh, were allotted on September 12, 2025, following approval by the company’s debenture allotment committee. These NCDs are set to mature on December 12, 2028, with a tenure of 1,187 days.

The NCDs offer an interest rate of 7.24% per annum. Coupon payments will be made annually, with the first payment due on December 12, 2026, and subsequent payments on December 12, 2027, and December 12, 2028. The debentures are proposed for listing on the Wholesale Debt Market Segment of BSE Limited under the ISIN INE296A07TP1.

Security for the debentures, interest, and trustee remuneration is established through a first pari-passu charge on book debts and loan receivables. This security cover will be maintained at no less than 1.00 times the aggregate outstanding value of the debentures.