Bajaj Finance allots ₹2,120 crore secured NCDs via private placement
- Bajaj Finance allotted ₹2,120 crore in secured NCDs on October 21, 2026
- Instruments are zero-coupon with a five-year tenure maturing in 2031
- Security provided by first pari-passu charge on loan receivables
- Listed on BSE Wholesale Debt Market segment

*this image is generated using AI for illustrative purposes only.
Bajaj Finance Limited allotted ₹2,120 crore worth of secured non-convertible debentures on October 21, 2026. The allotment comprises 2,12,000 instruments with a face value of ₹1 lakh each, issued through a private placement route.
The Debenture Allotment Committee approved the issuance during its meeting held on the same date. These instruments are proposed for listing on the Wholesale Debt Market segment of BSE Limited.
Instrument Details
The debentures are structured as zero-coupon securities, meaning they do not pay periodic interest. Instead, investors receive the principal amount at maturity. The security is backed by a first pari-passu charge on book debts and loan receivables.
| Particulars | Details |
|---|---|
| Total Size | ₹2,120 crore |
| Number of NCDs | 2,12,000 |
| Face Value | ₹1 lakh per NCD |
| Coupon Rate | Zero Coupon |
| Tenure | 1,826 days |
| Maturity Date | October 21, 2031 |
| Security | First pari-passu charge on loan receivables |
Security and Listing Status
The repayment of principal, along with trustee remuneration and other related monies, is secured by a charge on the company's loan receivables. The filing specifies that this security cover shall not be less than 1.00 time the outstanding amount.
The allotment was executed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No special rights or privileges are attached to these specific instruments, and there are no delays in payment of interest or principal reported for existing obligations.
Historical Stock Returns for Bajaj Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.43% | -3.42% | -11.13% | +1.79% | -13.60% | +19.46% |
How will this ₹2,120 crore capital infusion specifically impact Bajaj Finance's loan book growth targets for the upcoming fiscal year?
What are the expected implications of the zero-coupon structure on Bajaj Finance's effective cost of funds compared to traditional coupon-paying debt?
Given the 5-year tenure, how does this issuance align with Bajaj Finance's long-term asset-liability management strategy?


































