Bajaj Finance Limited has informed the Exchange regarding allotment of 102500 securities pursuant to Non Convertible Securities at its meeting held on May 20, 2026
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Bajaj Finance has allotted 1,02,500 secured redeemable NCDs at face value of Rs. 1 lakh each, raising Rs. 1,025 crore. The debentures carry an interest rate of 8.08% per annum payable annually. The tenure is 10 years with a put option available to investors at the end of 3 years (21 May 2029). The debentures are secured by first pari-passu charge on the company's book debts and loan receivables with a minimum 1.00x asset cover. These will be listed on the Wholesale Debt Market segment of BSE Limited.
The NCD issuance strengthens Bajaj Finance's borrowing profile at a competitive rate. The 8.08% coupon is reasonable for a high-quality issuer like Bajaj Finance and signals strong investor confidence. This debt raise supports the company's lending growth without immediate dilution to equity shareholders.