News ArticleBajaj Finance Allots Rs. 2,069.5 Crore Secured Redeemable NCDs with 8.70% Annual Coupon
2,06,950 NCDs issued in private placement on 30 October 2026, tenures of 1134 and 1826 days, proposed for listing on BSE Wholesale Debt Market
Bajaj Finance Limited has allotted 2,06,950 secured redeemable non-convertible debentures (NCDs) aggregating Rs. 2,069.5 crore on 30 October 2026 through private placement. The debentures have tenures of 1134 days and 1826 days with an annual coupon rate of 8.70%, secured by a first pari-passu charge on loan receivables, and are proposed to be listed on BSE's Wholesale Debt Market segment.
Bajaj Finance Limited
Preferential Issue
On 30 October 2026, Bajaj Finance Limited allotted 2,06,950 secured redeemable non-convertible debentures totaling Rs. 2,069.5 crore via private placement with two tenure options, both offering an annual coupon rate of 8.70%.
The allotment includes 80,750 NCDs of face value Rs. 1 lakh each aggregating Rs. 807.5 crore with a tenure of 1134 days maturing on 7 December 2029.
The remaining 1,26,200 NCDs of face value Rs. 1 lakh each aggregate Rs. 1,262 crore, with a tenure of 1826 days maturing on 30 October 2031.
Both issue options carry an annual coupon rate of 8.70%, payable annually with the first payment on 7 December 2026 for the shorter tenure and yearly thereafter.
The debentures are secured by a first pari-passu charge on book debts and loan receivables, with security cover not less than the aggregate outstanding value of the debentures.
These NCDs are intended to be listed on the Wholesale Debt Market segment of BSE Limited, increasing liquidity and transparency for investors.
Highlights
- Total NCD allotment: Rs. 2,069.5 crore through 2,06,950 secured debentures.
- Coupon rate fixed at 8.70% per annum for both tenures.
- Two tenure options: 1134 days (up to 07 December 2029) and 1826 days (up to 30 October 2031).
- Debentures secured by first pari-passu charge on loan receivables with minimum 1x security cover.
- Debentures proposed for listing on BSE Wholesale Debt Market segment for wider market accessibility.
Key Data Snapshot
What happened
- Bajaj Finance allotted 2,06,950 secured redeemable non-convertible debentures (NCDs) on 30 October 2026 through private placement.
- The total issue size aggregates Rs. 2,069.5 crore including premium.
- The allotment comprises two options with tenures of 1134 days and 1826 days respectively, each carrying an 8.70% annual coupon.
Key details
- Option I includes 80,750 NCDs totaling Rs. 807.5 crore, maturing on 7 December 2029, with annual coupon payments starting on 7 December 2026.
- Option II includes 1,26,200 NCDs totaling Rs. 1,262 crore, maturing on 30 October 2031, with annual coupon payments.
- The NCDs are secured by a first pari-passu charge on book debts and loan receivables, maintaining at least 1x security cover.
- The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited for enhanced marketability.
Regulatory and governance context
- The allotment is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
- The ISINs for the fresh issues are INE296A07UI4 for Option I and INE296A07UH6 for Option II.
- No defaults or delays in payment of interest or principal have been reported related to these debentures.
- The allotment was approved by the Debenture Allotment Committee in its meeting held on 30 October 2026.
Highlights
- Total NCD allotment: Rs. 2,069.5 crore through 2,06,950 secured debentures.
- Coupon rate fixed at 8.70% per annum for both tenures.
- Two tenure options: 1134 days (up to 07 December 2029) and 1826 days (up to 30 October 2031).
- Debentures secured by first pari-passu charge on loan receivables with minimum 1x security cover.
- Debentures proposed for listing on BSE Wholesale Debt Market segment for wider market accessibility.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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