Bajaj Finance Secures ₹1,555 Crore Through Non-Convertible Debentures
Bajaj Finance has successfully raised ₹1,555 crore by allotting secured non-convertible debentures (NCDs) via private placement. The company issued 1,55,500 NCDs with a face value of ₹1 lakh each, carrying a coupon rate of 7.37% per annum. The NCDs have a tenure of 5 years, maturing on September 27, 2030. Interest will be paid annually, with the first payment due on September 27, 2026. The debentures are secured by a first pari-passu charge on Bajaj Finance's book debts and loan receivables, with a minimum security cover of 1.00 times the outstanding value.

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Bajaj Finance , a leading financial services company in India, has successfully raised ₹1,555 crore through the allotment of secured non-convertible debentures (NCDs) via private placement. This strategic move bolsters the company's capital position and supports its ongoing operations.
Key Details of the NCD Issuance
The Debenture Allotment Committee of Bajaj Finance approved the allotment on September 29, 2025. Here are the essential details of the NCD issuance:
Particulars | Details |
---|---|
Issue Size | ₹1,555 crore |
Number of NCDs | 1,55,500 |
Face Value per NCD | ₹1 lakh |
Tenure | 1,824 days (5 years) |
Coupon Rate | 7.37% per annum |
Allotment Date | September 29, 2025 |
Maturity Date | September 27, 2030 |
Listing | Proposed on the Wholesale Debt Market Segment of BSE Limited |
ISIN | INE296A07TQ9 |
Coupon Payment Schedule
The interest on these NCDs will be paid annually, with the first coupon payment scheduled for September 27, 2026. Subsequent payments will follow annually and on the maturity date.
Security and Repayment
To secure the debentures, Bajaj Finance has created a first pari-passu charge on its book debts and loan receivables. The company has committed to maintaining a security cover of not less than 1.00 times the aggregate outstanding value of the debentures issued under this placement.
Implications for Bajaj Finance
This successful fundraising exercise demonstrates Bajaj Finance's strong market position and investor confidence. The additional capital is expected to support the company's lending operations, potentially facilitating business expansion and strengthening its financial position in the competitive Indian financial services sector.
The ability to raise substantial funds through NCDs at a competitive interest rate of 7.37% per annum reflects positively on Bajaj Finance's credit worthiness and market reputation. This capital infusion is likely to provide the company with increased flexibility in managing its assets and liabilities, potentially leading to improved operational efficiency and growth opportunities.
As Bajaj Finance continues to navigate the dynamic financial landscape, this strategic debt issuance underscores its proactive approach to capital management and its commitment to maintaining a robust financial foundation for sustainable growth.
Historical Stock Returns for Bajaj Finance
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
+0.76% | +1.77% | +7.65% | +18.64% | +39.84% | +205.16% |