Bajaj Finance allots ₹2004.31 Cr Secured NCDs via private placement

Bajaj Finance Ltd's Debenture Allotment Committee, in a meeting held on April 17, 2026, approved the allotment of 2,00,400 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1 lakh, aggregating to a total issue size of ₹2004.31 crore. These NCDs have a tenure of 1096 days from the allotment date, maturing on April 17, 2029, and offer a coupon interest of 7.77% per annum, payable annually. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and are secured by a first pari-passu charge on book debts/loan receivables, ensuring a security cover of at least 1.00 time the outstanding value.