Bajaj Finance Limited has informed the Exchange about issue of Securities
BAJFINANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bajaj Finance's Debenture Allotment Committee approved the allotment of secured, redeemable non-convertible debentures (NCDs) worth Rs. 736.05 crore on a private placement basis on 7 May 2025. The issue is split into two tranches: Option I of Rs. 234.04 crore (2,172 residual days, maturing 18 April 2031) carrying a 7.02% coupon, and Option II of Rs. 502.01 crore (1,878 residual days, maturing 28 June 2030) carrying a 7.38% coupon. The NCDs will be listed on the Wholesale Debt Market segment of BSE. They are secured by a first pari-passu charge on the company's book debts and loan receivables, with a minimum security cover of 1.00 times the outstanding amount. There are no special rights attached, no defaults, and redemption is on maturity.
This is a routine debt raise to fund Bajaj Finance's lending operations, with coupons of around 7-7.4% being reasonable for a high-rated NBFC. No equity dilution for shareholders; marginal impact on stock price, though it adds to the company's overall debt obligations.