FilingReader Intelligence

Bajaj Finance allots secured non-convertible debentures worth over ₹1,889 crore

October 15, 2025 at 07:49 AM UTCBy FilingReader AI

Bajaj Finance Limited's Debenture Allotment Committee met on October 15, 2025, to approve the allotment of 187,500 secured redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1 lakh each. The total aggregated to ₹1,889.78 crore, issued on a private placement basis. These NCDs are slated for listing on the Wholesale Debt Market Segment of BSE Limited.

The offering includes three options with varying tenures and coupon rates. Option I, totaling ₹759.89 crore, has a residual tenure of 1072 days maturing on September 21, 2028, with a 7.07% p.a. coupon. Option II, for ₹629.89 crore, has an 1808-day residual tenure maturing on September 27, 2030, at 7.37% p.a. The third option, a fresh issue for ₹500 crore, offers a 3652-day tenure maturing on October 15, 2035, with a 7.45% p.a. coupon.

Coupon payments for all options are annual, with specific first payment dates depending on the option chosen. The debentures will be secured by a first pari-passu charge on book debts/loan receivables, ensuring a security cover of at least 1.00 times the aggregate outstanding value.

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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