Description

Bajaj Finance Limited has listed three series of Commercial Papers on private placement basis with redemption dates in January 2026, totaling Rs. 1,425 crores.

Summary

Bajaj Finance Limited has listed three series of Commercial Papers (CP) on BSE Debt segment on private placement basis, effective October 16, 2025. The total issuance comprises 28,500 units with an aggregate value of Rs. 1,425 crores. All three series carry CRISIL A1+ and ICRA A1+ credit ratings and mature in January 2026. ICICI Bank Limited serves as the Issuing and Paying Agent.

Key Points

  • Three series of Commercial Papers listed on BSE Debt segment with effect from October 16, 2025
  • Face value of Rs. 5,00,000/- per unit for all series
  • Date of allotment: October 15, 2025
  • Credit Rating: CRISIL A1+ and ICRA A1+
  • Issuing and Paying Agent: ICICI Bank Limited
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Securities Details

Series 1 (BFL-13-01-26-CP):

  • Scrip Code: 730396
  • ISIN: INE296A14C71
  • Quantity: 14,500 units (Rs. 725 crores)
  • Issue Price: Rs. 492,184.50
  • Redemption Date: January 13, 2026

Series 2 (BFL-15-1-26-CP):

  • Scrip Code: 730398
  • ISIN: INE296A14C55
  • Quantity: 4,000 units (Rs. 200 crores)
  • Issue Price: Rs. 492,013.50
  • Redemption Date: January 15, 2026

Series 3 (BFL-28-01-26-CP):

  • Scrip Code: 730399
  • ISIN: INE296A14C63
  • Quantity: 10,000 units (Rs. 500 crores)
  • Issue Price: Rs. 490,836.00
  • Redemption Date: January 28, 2026

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market participants should use the tick size of 1 paise for these securities
  • For clarifications, trading members may contact the debt department at BSE on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 15, 2025
  • Listing Date: October 16, 2025
  • Redemption Dates:
    • Series 1: January 13, 2026
    • Series 2: January 15, 2026
    • Series 3: January 28, 2026

Impact Assessment

This is a routine debt instrument listing with minimal impact on broader market operations. The listing provides short-term funding to Bajaj Finance Limited through the commercial paper route. The high credit ratings (CRISIL A1+ and ICRA A1+) indicate strong creditworthiness. The short tenure (approximately 90 days) and private placement nature limit the broader market impact. This listing is relevant primarily for debt market participants and institutional investors dealing in money market instruments.

Impact Justification

Routine commercial paper listing with no immediate impact on equity markets or trading operations