Bajaj Finance 7.31% Feb 2028 NCD (INE296A07TT3)

CRISIL AAA Secured NCD

Bajaj Finance Limited

Secured, Rated, Taxable, Redeemable NCD

Bajaj Finance 7.31% Feb 2028 NCD (INE296A07TT3), issued by Bajaj Finance Limited, has a coupon of 7.31%, paid annually, and matures on 11 Feb 2028. It is rated AAA by CRISIL (latest rating dated 28 Feb 2026). It last traded on 15 Oct 2026 at ₹98,940.00 (clean), a yield to maturity of 8.13%.

Browse: AAA rated bonds · bonds maturing in 2028

98 more bonds from Bajaj Finance Limited →

Current YTM

8.13%

Market YTM

Coupon Rate

7.31%

Per annum

Maturity Date

11 Feb 2028

1.3 Yrs to Maturity

Interest Payment

Annual

Frequency

Face Value

₹1,00,000

Per Bond

Issuer events

Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.

6 Nov 2026 Interest payment notice Certificate of Payment Interest of Unsecured Non-Convertible Debentures
30 Oct 2026 Debt securities notice Allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis
26 Oct 2026 Interest payment notice Certificate of payment of interest in respect of Secured Non-Convertible Debentures
21 Oct 2026 Debt securities notice Allotment of Secured Redeemable Non-Convertible Debentures on Private Placement Basis.
19 Oct 2026 Debt securities notice Certificate on use of proceeds from issue of non-convertible debentures.

Market Position

YTM (Annual)

8.13%

Last traded 15 Oct 2026 (end of day)

10Y G-Sec Benchmark

7.23%

Reference point, not this bond's tenor

Spread over G-Sec

+140 bps

vs 1.3Y G-Sec at 6.73%

Below the median spread for similar-tenor peers

Tenure

1.3 Years

Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)

29 Jun 202615 Oct 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

12 Feb 2027

Interest Payment

₹7,310.00 / Bond

₹6,579.00 net of 10% TDS (est.)

11 Feb 2028

Final coupon (part period) + principal

₹1,07,289.97 / Bond

₹7,289.97 coupon + ₹1,00,000 face value

2 coupons remaining, the last paid with principal at maturity · per ₹1,00,000 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today

Key Metrics

Coupon Rate

7.31%

YTM (Annual)

8.13%

Credit Rating

AAA

(CRISIL) · rated 28 Feb 2026, 8 months ago

Remaining Tenure

1.3 Years

Advanced metrics

Modified Duration

1.10 Yrs

Macaulay Duration

1.19 Yrs

Issue Size

₹500 Cr

Minimum Investment

₹1,00,000

1 bond × ₹1,00,000 face value (BSE market lot)

Market Characteristics

Modified Duration

1.10 Yrs

Price sensitivity per 1% yield move

Payment Frequency

Annual

Last Trade

15 Oct 2026

BSE

Trades (30 Days)

Exchange-reported sessions

Security Status

Secured

No call option

Observations

This bond is secured.
2 secondary-market trades recorded in the last 30 days.
Coupon is 2.94 percentage points below the median for tracked NCD bonds. (based on 20,690 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 8 Nov 2026

Issuer

Bajaj Finance Limited

Instrument Type

NCD

Issue Date

12 Feb 2026

Day Count Convention

ACT/ACT

Listed Exchange

BSE

Call / Put Option

None disclosed

Bajaj Finance 7.31% Feb 2028 NCD is a secured, rated NCD issued by Bajaj Finance Limited. It pays a 7.31% p.a. coupon, annually. Principal is repaid at maturity.

Rating Action History

4 actions

Agency actions on Bajaj Finance Limited and its instruments, not only this bond. Rows marked “This bond” carry this ISIN or an exchange filing that names it.

Date	Agency	Action	Rating	Outlook	Rationale
2026-10-30	CRISIL	Reaffirm	AAA	Stable	View →
2026-09-17	CRISIL	Initial	AAA	Stable	View →
2026-07-29	CRISIL	Update	—	—	View →
2026-07-01	CRISIL	Update	—	—	View →

Issuer health card · ratings, payment record, defaults, trading, filings 1 item to look at →

Rating Actions on Bajaj Finance Limited

last 12 months

Agencies rate the issuer and its instruments together; an action may cover bank loans or other instruments rather than this bond. This bond marks actions that carry this ISIN or whose exchange filing names it.

Date	Agency	Action	Rating	Rationale
2026-10-30	CRISIL	Reaffirm	AAA / Stable	View →
2026-09-17	CRISIL	Initial	AAA / Stable	View →
2026-07-29	CRISIL	Update	—	View →
2026-07-01	CRISIL	Update	—	View →

Alert me about Bajaj Finance Limited An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE296A07TT3: trade date, clean price, YTM and number of trades
Trade Date	Clean Price	YTM (%)	Trades
2026-10-15	98.9400	8.1300	1
2026-10-13	98.7996	8.2500	—
2026-10-01	98.9263	8.1200	—
2026-07-03	99.6596	7.5000	—
2026-06-29	99.4500	7.6400	2

Data Coverage

Dataset	Records	Detail	Freshness
Credit Ratings	1	CRISIL	2026-02-28
Rating Actions History	4	—	2026-10-30
Secondary-Market Trades	5	BSE	2026-10-15
Reg52(4) Payment Disclosures	0	—	—

Documents

Entity metadata

Source: BSE
Last Updated: 8 Nov 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

₹98,940.00

YTM8.13%

Trade Date 15 Oct 2026 25d ago

SourceBSE

Accrued interest (est.)₹5,447.45

Dirty price (est.)₹1,04,387.45

View on BSE → Calculate YTM for this bond Bajaj Finance Limited bond interest rates by maturity

Frequently Asked Questions

What is the coupon rate on Bajaj Finance 7.31% Feb 2028 NCD?

Bajaj Finance 7.31% Feb 2028 NCD carries a coupon of 7.31%, paid annual, on a face value of ₹1,00,000.

When does Bajaj Finance 7.31% Feb 2028 NCD mature?

Bajaj Finance 7.31% Feb 2028 NCD matures on 11 Feb 2028, 1.3 years from today.

What is Bajaj Finance 7.31% Feb 2028 NCD rated?

Bajaj Finance 7.31% Feb 2028 NCD is rated AAA by CRISIL (rating dated 28 Feb 2026).

Is Bajaj Finance 7.31% Feb 2028 NCD secured?

Bajaj Finance 7.31% Feb 2028 NCD is a secured bond.

Where does Bajaj Finance 7.31% Feb 2028 NCD trade?

Bajaj Finance 7.31% Feb 2028 NCD is listed on BSE.

What yield does Bajaj Finance 7.31% Feb 2028 NCD currently offer?

The last recorded trade on 15 Oct 2026 priced Bajaj Finance 7.31% Feb 2028 NCD at ₹98,940.00 per bond, implying a yield to maturity of 8.13%.

More Bonds from This Issuer

Bajaj Finance 8.05% Dec 2026 NCD

INE296A08821

AAA

Coupon

8.05%

Maturity

02 Dec 2026

View Details

Bajaj Finance 8.10% Jan 2027 NCD

INE296A07SR9

AAA NSDL record, 2023

Coupon

8.10%

Maturity

08 Jan 2027

View Details

Bajaj Finance 7.72% Mar 2027 NCD

INE296A07TG0

AAA

Coupon

7.72%

Maturity

26 Mar 2027

View Details

Bajaj Finance 8.12% May 2027 NCD

INE296A07SX7

AAA NSDL record, 2024

Coupon

8.12%

Maturity

10 May 2027

View Details

All 99 Bajaj Finance Limited bonds →

Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 7.31%. For comparison only, not a recommendation.

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INE674K07069	Aditya Birla Capital Limited	AAA	7.30%	2028-09-15
INE916DA7TD8	Kotak Mahindra Prime Limited	AAA	7.30%	2028-09-22
INE975F07IU2	Kotak Mahindra Investments Limited	AAA	7.29%	2027-07-20
INE916DA7TE6	Kotak Mahindra Prime Limited	AAA	7.29%	2028-10-24
INE403D08272	Bharti Telecom Limited	AAA	7.35%	2027-10-15
INE891K07AG7	Axis Finance Limited	AAA	7.37%	2028-08-23

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