Announced Wed, 24 Jun · 12:05 IST
Bajaj Finance allots NCDs worth Rs 2,000 Cr via private placement
Fund Raising View source PDF
BAJFINANCE · price
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Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹962.75
prior close
₹980.50
base price
In-mkt
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AI summary
Bajaj Finance allotted 2 lakh secured NCDs at Rs 1 lakh face value each, totalling Rs 2,000.45 crore, via private placement. The 5-year NCDs (1826 days) carry a 7.92% annual coupon, are secured by pari-passu charge on book debts with 1x cover, and will be listed on BSE Wholesale Debt Market. Maturity is 24 June 2031.
Likely market impact
Routine debt raise at competitive rate; no equity dilution. Adds to lending capacity without impacting share count.