Bajaj Finance Limited announced the allotment of 3,09,700 Secured Redeemable Non-Convertible Debentures (NCDs), worth ₹3,181.54 crore, on a private placement basis. The NCDs have been issued in two options:
- Option I: 1,53,200 NCDs with a face value of ₹1 lakh each, aggregating to ₹1,592.56 crore, maturing on 2 May 2034 with a coupon rate of 7.93% per annum.
- Option II: 1,56,500 NCDs with a face value of ₹1 lakh each, aggregating to ₹1,588.98 crore, maturing on 31 July 2029 with a coupon rate of 7.98% per annum.
The debentures will be listed on the Wholesale Debt Market Segment of BSE Limited. Both options offer annual coupon payments, with security provided by a first pari-passu charge on book debts or loan receivables.
