Bajaj Finance Raises Rs 1,500 Crore Through NCDs
By Ankur Chandra | Published at: Jul 8, 2025 01:59 PM IST
Pune, July 8, 2025 – Bajaj Finance has successfully raised ₹1,500 crore by selling Non-Convertible Debentures (NCDs) with a competitive 7.11% yearly rate. The NCDs, which will maturity in July 2028, show that investors have a lot of faith in the company’s creditworthiness and long-term growth potential. This initiative to raise money is meant to improve its lending business and help it grow in the future, especially because there is a growing need for retail and consumer finance. This issuance is a great choice for fixed-income investors looking for reliable profits because it has a high yield and the company has a great track record. At midday on 8 July, Bajaj Finance’s shares were relatively flat around ₹923.85 on the BSE, signaling a neutral short-term reaction to the NCD allotment
Key Issue Details
| Particulars | Details |
|---|---|
| Issue Size | ₹1,500 crore |
| Instrument Type | Secured Redeemable NCDs (Private Placement) |
| No. of NCDs Allotted | 1,50,000 |
| Face Value per NCD | ₹1,00,000 |
| Coupon Rate | 7.11% per annum |
| ISIN | INE296A07TM8 |
| Tenure | 1,098 days |
| Allotment Date | July 8, 2025 |
| Maturity Date | July 10, 2028 |
| Listing | Proposed on BSE’s Wholesale Debt Market Segment |
Coupon Payment Schedule
| Payment Date | Type |
|---|---|
| July 10, 2026 | First annual interest |
| July 10, 2027 | Second annual interest |
| July 10, 2028 | Final interest + Principal |
Security Details
The debentures are secured with a first pari-passu charge over Bajaj Finance’s book debts/loan receivables. The security cover will be maintained at a minimum of 1.0x the outstanding debenture value.
There are no delays, defaults, or special rights associated with this allotment. Redemption will occur in full upon maturity.
This issue is part of Bajaj Finance’s regular process of acquiring money to improve its lending business. The NCDs are a low-risk choice for institutional and HNI investors that want predictable returns with good credit backing because they have a AAA rating and a competitive coupon rate.
About Bajaj Finance Ltd
Bajaj Finance Ltd is a deposit-taking NBFC and a flagship company under Bajaj Finserv. It is listed on both BSE and NSE, with a diversified lending portfolio including consumer, SME, and commercial lending. Headquartered in Pune, the company continues to play a significant role in India’s retail financial services ecosystem.
REF:https://www.bseindia.com/xml-data/corpfiling/AttachLive/9459f909-231d-40cd-be2d-7213541ef41f.pdf
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