Description

BSE lists two series of Commercial Papers issued by Bajaj Finance Limited on private placement basis, totaling Rs. 1,050 crores, maturing in December 2025 and January 2026.

Summary

BSE has listed two new series of Commercial Papers issued by Bajaj Finance Limited on private placement basis, effective October 23, 2025. The first series comprises 16,000 units of Rs. 5 lakhs each (total Rs. 800 crores) maturing on December 30, 2025. The second series comprises 5,000 units of Rs. 5 lakhs each (total Rs. 250 crores) maturing on January 19, 2026. Both instruments carry CRISIL A1+ and ICRA A1+ ratings, with ICICI Bank Limited acting as the Issuing and Paying Agent.

Key Points

  • Series 1: 16,000 CPs of Rs. 5 lakhs each, Scrip Code 730425 (BFL201025), ISIN INE296A14C97
  • Issue Price: Rs. 4,93,947 per unit (discount to face value of Rs. 5,00,000)
  • Maturity Date: December 30, 2025 (71 days from allotment)
  • Series 2: 5,000 CPs of Rs. 5 lakhs each, Scrip Code 730426 (BFL201025A), ISIN INE296A14D05
  • Issue Price: Rs. 4,92,099 per unit (discount to face value of Rs. 5,00,000)
  • Maturity Date: January 19, 2026 (91 days from allotment)
  • Allotment Date: October 20, 2025 for both series
  • Credit Rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
  • Issuing and Paying Agent: ICICI Bank Limited
  • Market Lot: 1 unit
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for privately placed debt instruments.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the respective ISIN numbers
  • Trading must occur in standard denominations of Rs. 5 lakhs and multiples thereof
  • Securities will be traded on BSE Debt segment only
  • Trading members requiring clarifications should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 20, 2025
  • Listing Date: October 23, 2025
  • Redemption Date (Series 1): December 30, 2025
  • Redemption Date (Series 2): January 19, 2026

Impact Assessment

Market Impact: Minimal. This is a routine short-term funding instrument listing for Bajaj Finance Limited, one of India’s leading NBFCs. The total amount of Rs. 1,050 crores represents standard treasury operations.

Investor Impact: Limited to institutional investors and debt market participants who invest in highly-rated commercial papers. The A1+ rating from both CRISIL and ICRA indicates lowest credit risk and highest safety for short-term instruments.

Liquidity: Commercial papers typically have limited secondary market trading as institutional investors usually hold them to maturity. The 71-day and 91-day tenures are standard short-term maturities.

Operational Impact: None for equity market participants. Debt segment traders gain two additional liquid short-term instruments from a blue-chip issuer.

Impact Justification

Routine commercial paper listing for a major NBFC. Standard short-term funding instrument with no market-wide impact. Relevant only to debt market participants and institutional investors.