Bajaj Finance Share Price in Focus; Allocates 5 Lakh Secured NCDs Valued at ₹5,000 Crore

On August 27, 2026, Bajaj Finance Limited announced the allotment of 5,00,000 secured non-convertible debentures (NCDs) at a face value of ₹1 lakh each, totalling ₹5,000 crore, as per the exchange filings.  

This allotment was made on a private placement basis, as per the company's recent meeting held on August 27, 2026. 

Details of the NCD Allotment 

The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. Each debenture has been assigned an ISIN code of INE296A07UE3.  

The tenure of these instruments is 3,653 days, with a maturity date set for August 27, 2036.  

The coupon rate offered is 8.15% per annum, with the first coupon payment scheduled for August 27, 2027, and annually thereafter. 

Security and Asset Cover 

The principal amount, along with interest and other monies, will be secured with an asset cover of 1.10 times for original investors. For subsequent investors, the asset cover will be 1 time.  

The security will be on a first pari-passu charge basis on book debts and loan receivables. 

Special Rights and Conditions 

The NCDs come with a step-up/step-down coupon rate. If the instrument's rating is downgraded to "AA-" or below, original investors can increase the interest rate by up to 25 basis points for each downgrade notch.  

If the rating falls to "A" or below, they reserve the right to recall the outstanding principal amount and accrued interest with a 30-day notice. 

Redemption and Meeting Details 

The debentures are redeemable upon maturity. The meeting to finalise this allotment commenced at 11:10 a.m. and concluded at 11:25 a.m. on August 27, 2026. 

Read More: HG Infra Engineering Share Price Gains Over 6% After Securing Contract from REC Power! 

Bajaj Finance Share Price Performance 

As of August 27, 2026, at 12:19 PM, Bajaj Finance share price on NSE was trading at ₹1,089.30, up by 0.40% from the previous closing price. 

Conclusion 

Bajaj Finance has allotted 5,00,000 secured NCDs valued at ₹5,000 crore with an 8.15% annual coupon rate. The debentures are set to mature on August 27, 2036, and are secured with an asset cover of 1.10 times for original investors and 1 time for subsequent investors. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

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