Bajaj Finance raises ₹498.22 crore via private placement NCDs
Bajaj Finance allotted 50,000 secured NCDs worth ₹498.22 crore via private placement on August 18, 2026. The instruments offer a 7.79% annual coupon and mature on July 4, 2036. Secured by a first pari-passu charge on book debts, the debentures will be listed on BSE’s Wholesale Debt Market Segment.
*this image is generated using AI for illustrative purposes only.
Bajaj Finance Limited has completed the allotment of ₹498.22 crore worth of secured non-convertible debentures (NCDs) through a private placement. The company’s Debenture Allotment Committee approved the issuance during a meeting held on August 18, 2026, raising capital to support its ongoing lending operations.
The issuance consists of 50,000 NCDs, each with a face value of ₹1 lakh. The aggregate amount includes discount and accrued interest. The debentures are secured by a first pari-passu charge on the company’s book debts and loan receivables, ensuring that the security cover is not less than 1.00 times the aggregate outstanding value of the debentures.
Instrument Details
The NCDs carry a fixed coupon rate of 7.79% per annum. Interest payments are scheduled annually, with the first payment due on July 6, 2027, and subsequent payments following each year until maturity. The principal amount will be redeemed upon maturity on July 4, 2036.
| Particulars | Details |
|---|---|
| Issue Size | ₹498.22 crore |
| Number of NCDs | 50,000 |
| Face Value | ₹1 lakh per NCD |
| Coupon Rate | 7.79% p.a. |
| Maturity Date | July 4, 2036 |
| Residual Tenure | 3,608 days |
| Security | First pari-passu charge on book debts/loan receivables |
| Listing | Wholesale Debt Market Segment of BSE Limited |
What the Numbers Show
The issuance reflects Bajaj Finance’s continued reliance on long-term debt markets to fund its asset growth. With a residual tenure of nearly ten years (3,608 days), the company is locking in funding at a 7.79% cost for the medium term. This aligns with the NBFC’s strategy to maintain stable funding sources while managing interest rate risks over extended periods.
The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. There were no delays in payment of interest or principal amounts reported for this instrument, and no special rights or privileges were attached to the issuance.
Historical Stock Returns for Bajaj Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.64% | -0.92% | +0.73% | +4.46% | +20.25% | +59.50% |
How will the 7.79% fixed funding cost impact Bajaj Finance's net interest margins if market rates continue to rise over the next decade?
What specific lending segments or asset classes will primarily benefit from the ₹498.22 crore raised through this private placement?
How does this long-term debt issuance align with Bajaj Finance's overall capital adequacy ratio and regulatory compliance targets for 2026-2027?
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