Bajaj Finance allots NCDs worth ₹2,000.45 crore at 7.92%
Bajaj Finance allotted 2,00,000 Secured Redeemable Non-Convertible Debentures aggregating ₹2,000.45 crore on 24 June 2026. The NCDs carry a coupon rate of 7.92% per annum with a tenure of 1826 days, maturing on 24 June 2031. The issuance is secured by a first pari-passu charge on book debts and loan receivables.

*this image is generated using AI for illustrative purposes only.
Bajaj Finance has allotted 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹2,000.45 crore through private placement. The Debenture Allotment Committee approved the issuance on 24 June 2026, securing funds at a coupon rate of 7.92% per annum to bolster its borrowing programme.
NCD Issuance Details
The key parameters of the NCD issuance are summarised below:
| Parameter | Details |
|---|---|
| Instrument Type | Secured Redeemable Non-Convertible Debentures (NCDs) |
| Number of NCDs Issued | 2,00,000 |
| Total Issue Size | ₹2,000.45 crore |
| Face Value | ₹1 Lakh each |
| Coupon Rate | 7.92% p.a. |
| Tenure | 1826 days |
| Allotment Date | 24 June 2026 |
| Maturity Date | 24 June 2031 |
| Listing | Wholesale Debt Market Segment of BSE Limited |
| ISIN | INE296A07UA1 |
Security and Payment Structure
The debentures are secured by a first pari-passu charge on book debts and loan receivables. The security cover will not be less than 1.00 time the aggregate outstanding value of the debentures issued. Interest payments will be made annually on 24 June each year, starting from 24 June 2027 until maturity on 24 June 2031.
Historical Stock Returns for Bajaj Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.97% | +3.26% | +8.12% | -2.02% | +8.24% | +64.73% |
How will this ₹2,000.45 crore infusion impact Bajaj Finance's lending growth and asset quality in the upcoming fiscal year?
What does the 7.92% coupon rate indicate about the current cost of capital and investor sentiment towards NBFCs in India?
Will Bajaj Finance pursue similar debt instruments or explore alternative funding sources to meet its future capital requirements?

































