Image Source: Mint
Bajaj Finance Ltd has significantly ramped up its debt market activity in 2025, successfully allotting Non-Convertible Debentures (NCDs) worth ₹15,000 crore through multiple private placements. The move underscores the company’s strategic focus on strengthening its capital base to support lending growth, manage liquidity, and fund future expansion.
Key Highlights:
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- On March 3, 2025, Bajaj Finance allotted 7,814 secured redeemable NCDs at a face value of ₹10 lakh each, aggregating to ₹776.52 crore. These NCDs carry a 7.60% annual coupon and mature on February 11, 2030.
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- On April 28, 2025, the company raised ₹1,276.48 crore via 1,27,500 secured NCDs. The issue offered multiple maturity options and is listed on the BSE Wholesale Debt Market Segment.
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- On May 22, 2025, Bajaj Finance completed its largest tranche of the year, allotting 9,26,500 NCDs of ₹1 lakh each, totaling ₹9,371.27 crore.
Strategic Implications:
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- The funds raised will be used for working capital, capital expenditure, and general corporate purposes.
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- The secured nature of the NCDs, backed by book debts and loan receivables, ensures investor confidence and regulatory compliance.
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- The staggered maturity structure and competitive coupon rates reflect Bajaj Finance’s prudent liability management strategy.
Outlook: These issuances reinforce Bajaj Finance’s robust financial position and its ability to tap debt markets efficiently. With a strong credit profile and diversified funding base, the company is well-positioned to sustain its growth momentum in retail and SME lending.
Sources: LiveMint, JM Financial, Finance Saathi, Company Filings
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