Bajaj Finance raises ₹1,115 crore in secured NCDs

What's the deal? Bajaj FinanceDealroom has a profile for this one. Try Dealroom → has raised ₹1,115 crore (about $117 million) through a private placement of secured, redeemable non-convertible debentures (NCDs). The company allotted 111,500 debentures, each with a face value of ₹1 lakh, on August 10, 2026.

The terms: The NCDs carry a 7.78% annual interest rate and a tenure of 1,187 days, maturing on November 9, 2029. Coupon payments run annually, starting November 9, 2026.

How it's secured: The debentures are backed by a first pari-passu charge on the company's book debts and loan receivables, with security cover of at least 1.00 times the outstanding value. Bajaj Finance plans to list the NCDs on the Wholesale Debt Market Segment of BSEDealroom has a profile for this one. Try Dealroom →.

The signal: As one of India's largest non-banking lenders, Bajaj Finance regularly taps the debt market to fund its lending book. This placement continues that pattern, locking in longer-dated capital at a fixed rate ahead of the 2029 maturity.

Read more: Investywise

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