On April 28, 2025, Bajaj Finance Limited announced the allotment of 1,27,500 Secured Redeemable Non-Convertible Debentures (NCDs), aggregating to Rs. 1,276.48 crore. This significant issuance was done through a private placement and will be listed on the Wholesale Debt Market Segment of the BSE Limited. The issue was divided into three options, providing a variety of terms for investors:

1. Option I: 50,000 NCDs of Rs. 1,00,000 each totaling Rs. 500.13 crore.

2. Option II: 50,000 NCDs of Rs. 1,00,000 each totaling Rs. 500.01 crore.

3. Option III: 27,500 NCDs of Rs. 1,00,000 each totaling Rs. 276.34 crore.

The tenure for the debentures varies: Option I will mature on June 28, 2030, Option II on June 28, 2027, and Option III on June 26, 2028. The coupon rates offered for these debentures are 7.38% per annum for Option I, 7.23% per annum for Option II, and 7.38% per annum for Option III. The payment of interest will begin from June 28, 2026, with subsequent annual payments.

The debentures will be secured by a first pari-passu charge on the company’s book debts/loan receivables, ensuring that the security cover will not be less than 1.00 times the aggregate outstanding value of the debentures issued.

As part of this private placement, Bajaj Finance aims to strengthen its capital base, enabling the company to meet its ongoing financial obligations and support its growth. The funds raised will be utilized to finance working capital needs, capital expenditure, and other corporate purposes.

Key Highlights of the Allotment:

• The face value of each NCD is Rs. 1 lakh.

• The total value of the allotment stands at Rs. 1,276.48 crore.

• The coupon rates offered are competitive, with options for different maturities.

• Listing will be done on BSE’s Wholesale Debt Market Segment.

• The NCDs are secured by a first pari-passu charge on the company's receivables.

This NCD allotment reflects Bajaj Finance’s ongoing efforts to raise funds for organic and inorganic growth, capital expenditures, and to address working capital requirements. The successful issuance of these debentures further consolidates the company's financial position and ensures a robust capital structure for future business operations.

The corporate governance around this issuance was supervised by the Debenture Allotment Committee, with the help of CDSL e-voting for transparent decision-making.

This issuance comes after regulatory approvals were obtained in compliance with SEBI's listing regulations, and the company has already initiated the listing process on BSE. The ISIN codes for the various issues are provided, along with the detailed schedule for payments and interest accruals.

The full details of the issuance and its components, including terms and conditions, have been thoroughly explained, with provisions in place for the redemption and repayment of principal and interest amounts at maturity. For further updates, Bajaj Finance has committed to keeping its stakeholders informed via its official communication channels.

This debt issuance is a clear indicator of Bajaj Finance’s strategic financial management and strong foothold in India’s financial services industry.

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