Bajaj Finance Limited has made a disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the allotment of secured redeemable non-convertible debentures (NCDs) on a private placement basis.

Key Instrument Details

  • Total Issue Size: ₹5,000 crore
  • Number of NCDs: 500,000
  • Face Value: ₹1,00,000 per NCD
  • Tenure: 3653 days (approximately 10 years)
  • Date of Allotment: 27 August 2026
  • Date of Maturity: 27 August 2036
  • Coupon Rate: 8.15% per annum
  • Listing: Proposed to be listed on the Wholesale Debt Market Segment of BSE Limited

Payment Schedule

The coupon payment schedule is annual with first payment due on 27 August 2027 and subsequent payments on:

  • 27 August 2028
  • 27 August 2029
  • 27 August 2030
  • 27 August 2031
  • 27 August 2032
  • 27 August 2033
  • 27 August 2034
  • 27 August 2035
  • 27 August 2036 (final payment including principal)

Security Details

The NCDs are secured with the following asset cover requirements:

  • For original investors: 1.10 times asset cover at all times to discharge the principal amount, interest, and all other monies
  • For subsequent investors: 1.00 times asset cover at all times
  • Security Type: First pari-passu charge basis on book debts/loan receivables

Special Rights and Privileges

The instrument includes step-up/step-down coupon rate provisions:

1. If rating is downgraded to "AA-" or below, original investors reserve the right to increase interest rate by up to 25bps for every notch of downgrade

2. If rating falls to "A" or below, original investors reserve the right to recall outstanding principal amount along with accrued interest and compensation for losses with 30 days notice period

Additional Information

  • No delay in payment of interest/principal for more than three months from due date
  • No default in payment of interest/principal
  • No letters or comments regarding payment/non-payment issues
  • Debentures are redeemable on maturity

Meeting Details

The Debenture Allotment Committee meeting commenced at 11:10 a.m. and concluded at 11:25 a.m. on 27 August 2026.