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Bajaj Finance Allots NCDs Worth ₹5,120 Crore at 7.65% Coupon
Bajaj Finance has successfully allotted 5,12,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis to raise ₹5,120 crore. The instruments carry a competitive coupon rate of 7.65% per annum with a long-term tenure of 10 years (3,650 days). The redemption is structured in a staggered manner, with 20% of the face value being repaid in 2034, 20% in 2035, and the remaining 60% in 2036. This fundraise strengthens the company's liquidity position and provides long-term capital to support its lending book growth.
Key Highlights
Total fundraise of ₹5,120 crore through the allotment of 5,12,000 NCDs at ₹1 lakh face value each
Fixed coupon rate of 7.65% p.a. with annual interest payments starting January 2027
Long-term tenure of 10 years with a staggered redemption schedule (20:20:60 ratio)
Secured by a first pari passu charge on book debts and loan receivables with 1.10x security cover
Debentures to be listed on the Wholesale Debt Market Segment of BSE Limited
💼 Action for Investors
The successful large-scale fundraise at a stable interest rate reflects strong institutional confidence in Bajaj Finance's credit profile. Long-term investors should view this as a positive move to lock in capital for future AUM expansion.