Bajaj Finance allots ₹498 crore in secured NCDs at 7.79% coupon

Bajaj Finance has privately placed 50,000 secured NCDs worth ₹498.22 crore, carrying a 7.79% annual coupon and maturing in July 2036. The financing move follows reported Q1FY27 consolidated profit growth of 27.4% year on year to ₹5,986 crore.

— Source published Tue, 18 Aug, 2026, 13:18 IST · First seen Tue, 18 Aug, 2026, 14:43 IST · Source NDTV Profit

What happened

Bajaj Finance allotted Rs 498.22 crore of secured NCDs via private placement at a 7.79% annual coupon, maturing in 2036. The Bajaj group financier also reported

Key facts

  • Rs 498.22 crore NCD issue
  • 50,000 secured NCDs
  • Rs 1 lakh face value per NCD
  • 7.79% annual coupon
  • Aug. 18, 2026 allotment date
  • July 4, 2036 maturity date
  • Rs 5,307 crore NCDs allotted on July 6, 2026
  • Q1FY27 consolidated profit: Rs 5,986 crore, up 27.4% YoY
  • Q1FY27 net interest income: Rs 12,571 crore, up 23% YoY

Why this matters

Bajaj Finance’s private NCD placement expands durable capital for scaling lending and potential strategic opportunities, reinforcing its ability to fund growth without immediate equity dilution.

What to watch

  • Quarterly loan-book growth versus borrowing growth and liquidity coverage.
  • Net interest margin trend, especially relative to the 7.79% fixed NCD coupon and broader funding-cost movement.
  • Asset-liability maturity gaps, fixed-versus-floating liability mix and future NCD issuance cadence.
  • Credit-cost, GNPA/NNPA and delinquency trends in unsecured consumer and SME portfolios.
  • RBI policy-rate changes, bond yields and any shift in NBFC funding-market risk appetite.
  • Deploy incremental liquidity toward higher-yield consumer finance, SME and secured lending segments while maintaining asset-liability maturity discipline.
  • Continue diversifying liabilities through bank borrowings, deposits, NCDs and other market instruments to support loan-book growth.
  • Use strong profitability to reinforce capital buffers and provision coverage as credit exposure expands.
  • Potentially undertake further tranche-based long-tenor issuance if credit demand remains robust and market borrowing costs stay favorable.