Bajaj Finance allots ₹1,025 crore NCDs at 8.08%
Bajaj Finance allotted 1,02,500 NCDs worth ₹1,025 crore on May 20, 2026, via private placement. The 10-year instruments offer an 8.08% coupon and are secured by book debts. They are listed on the BSE Wholesale Debt Market Segment.
*this image is generated using AI for illustrative purposes only.
Bajaj Finance has allotted 1,02,500 Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹1,025 crore on a private placement basis. The allotment was decided by the Debenture Allotment Committee during its meeting held on May 20, 2026.
The issued NCDs have a face value of ₹1 lakh each. These instruments carry a coupon rate of 8.08% per annum, with the first coupon payable on May 20, 2027. Subsequent coupon payments will be made annually and on maturity.
The debentures have a tenor of 10 years, maturing on May 20, 2036. However, the instruments include a put option that allows investors to exit at the end of three years, specifically on May 21, 2029. The tenure of the instrument is specified as 3,653 days from the date of allotment.
Key Details of the Allotment
| Particulars | Details |
|---|---|
| Size of Issue | 1,02,500 NCDs aggregating to ₹1,025 crore |
| Face Value | ₹1,00,000 per NCD |
| Coupon Rate | 8.08% p.a. |
| Date of Allotment | May 20, 2026 |
| Date of Maturity | May 20, 2036 |
| Put Option Date | May 21, 2029 |
| Listing | Wholesale Debt Market Segment of BSE Limited |
The repayment of the debentures, along with interest and the trustees' remuneration, is secured by a first pari-passu charge on book debts and loan receivables. The security cover will not be less than 1.00 times the aggregate outstanding value of the debentures issued. The debentures are redeemable on maturity.
Historical Stock Returns for Bajaj Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.05% | +2.09% | +1.64% | -8.20% | -0.26% | +63.93% |
How might Bajaj Finance deploy the ₹1,025 crore raised through this NCD issuance, and which lending segments are likely to benefit from this capital infusion?
Given the 3-year put option embedded in these NCDs, what market conditions in 2029 could trigger mass investor exits, and how would Bajaj Finance manage potential liquidity pressure?
How does Bajaj Finance's 8.08% coupon rate compare to similar NCD issuances by competing NBFCs, and what does this signal about the company's cost of borrowing trajectory?
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