Bajaj Finance Board Approves Debt Issue, Details to Follow
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Bajaj Finance Limited (BAJFINANCE) board approved a debt securities issuance, but the size, coupon and tenure are still to be determined.
- Board meeting on 29 April 2026 approved the debt raise and set an AGM/EGM for 30 July 2026.
- All issuance terms – number of securities, issue size, tenure, coupon and security – are shown as 0 placeholders and will be disclosed later.
- The securities will be listed on BSE Limited and the National Stock Exchange of India (NSE) once details are finalised.
- Intended to diversify funding away from bank borrowings and potentially lower BFL’s weighted average cost of capital, though impact on leverage can’t be assessed until terms are known.
- Investors should wait for the full offer documents and then monitor post‑issuance debt‑to‑equity and interest‑coverage ratios.
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