Bajaj Finance allots NCDs worth ₹2,000.45 crore at 7.92%
Bajaj Finance has allotted 2,00,000 Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹2,000.45 crore via private placement. Approved on 24 June 2026, the NCDs offer a 7.92% coupon rate and have a tenure of 1826 days, maturing on 24 June 2031. The instruments are secured by a first pari-passu charge on book debts and loan receivables.

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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 |
|---|---|---|---|---|---|
| +1.97% | -1.54% | +8.92% | +8.50% | +11.70% | +67.33% |
How will the 7.92% coupon rate compare to Bajaj Finance's cost of capital in future debt issuances?
What impact will this ₹2,000.45 crore infusion have on Bajaj Finance's lending growth and asset quality?
Could the secured nature of these NCDs affect the company's ability to raise unsecured debt in the future?































