Allotment of 51,000 Secured Redeemable NCDs aggregating Rs. 510.86 crore

Bajaj Finance has allotted 51,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis.

Fri 9 Oct 2026

Issue Size

Rs. 510.86 crore, including discount and accrued interest

Coupon

7.78% p.a.

Maturity Date

9 November 2029

What was allotted

• 51,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis
• Face value of Rs. 1 Lakh per NCD
• Aggregate issue size of Rs. 510.86 crore, including discount and accrued interest
• Allotted on 9 October 2026 by the Debenture Allotment Committee

Money and terms

• Coupon/interest offered is 7.78% p.a.
• First coupon payment on 9 November 2026, then annually and on maturity
• Tenure of the instrument is 1127 residual days
• Date of maturity is 9 November 2029
• Redemption is on maturity
• Scheduled payment dates: 09-11-2026, 09-11-2027, 09-11-2028 and 09-11-2029

Security and listing

• The debenture repayment, interest, trustees' remuneration and all other related monies are secured by a first pari-passu charge on book debts/loan receivables
• That security cover is to be not less than 1.00 time the aggregate outstanding value of debentures issued under the Shelf Placement Memorandum (General information document)
• The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited
• ISIN: RE-ISSUE - INE296A07UD5

What this means in simple terms

A Non-Convertible Debenture is a borrowing. The company takes money from lenders and pays interest on it. Here, Bajaj Finance has raised Rs. 510.86 crore by issuing NCDs to institutional or large investors, not to the general public, which is why it is called a private placement.

The 7.78% p.a. coupon is the rate the company has agreed to pay on this borrowing, and the money is to be repaid on 9 November 2029. For a lender of money, an NCD is a fixed-income product; for the company, it is a source of funds.

Because the debentures carry a first pari-passu charge on book debts/loan receivables, the holders have a claim on those receivables if the company fails to pay. The stipulated security cover of 1.00 time means the value of the charged assets is to be at least equal to the outstanding debentures.

Points noted in the disclosure

• Special rights or privileges attached to the instrument: Not applicable
• Delay in payment of interest or principal beyond three months, or default: Not applicable
• Letters or comments regarding payment or non-payment: Not applicable

What a retail investor can take away

This is an intimation of a completed borrowing. It tells you the size, the interest cost and the repayment timeline of one specific debt issue, which is one input among many when looking at a lender's overall cost of funds and borrowing mix. It is not a signal about the company's equity shares, and no view on the share price follows from it.

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