Bajaj Finance has allotted secured redeemable non-convertible debentures (NCDs) aggregating to ₹1,350 crore on a private placement basis. The Debenture Allotment Committee of the Company approved the allotment during its meeting held on September 12, 2025.
The company has allotted 1,35,000 NCDs with a face value of ₹1 Lakh each.
| Particulars | Details |
|---|---|
| Size of the issue | ₹1,350 crore |
| Whether proposed to be listed? | The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. |
| ISIN | FRESH ISSUE - INE296A07TP1 |
| Tenure of the instrument | 1187 Days |
| Date of allotment | 12 September 2025 |
| Date of maturity | 12 December 2028 |
| Coupon/interest offered | 7.24% p.a. Coupon payment frequency: First coupon payable on 12 December 2026 and annually and on maturity thereafter |
| Schedule of payment of coupon/interest and principal | 12 December 2026 12 December 2027 12 December 2028 |
| Charge/security, if any, created over the assets | The Debentures repayment, interest thereon, Trustees' remuneration and all other monies relating thereto will be secured by a first pari-passu charge on book debts/loan receivables, provided that such security cover shall not be less than 1.00 time the aggregate outstanding value of debentures to be issued under this document. |
| Special right/interest/ privileges attached to the instrument and changes thereof | Not applicable |
| Delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal | Not applicable |
| Details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and/or the assets along with its comments thereon, if any | Not applicable |
| Details of redemption of debentures | Redeemable on maturity |
The meeting commenced at 11:20 a.m. and concluded at 11:35 a.m.
The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
R. Vijay, Company Secretary of Bajaj Finance, has confirmed the above information.
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