Bajaj Auto Credit Issues ₹500 Crore Commercial Paper

Bajaj Auto Credit Limited, a wholly owned subsidiary of Bajaj Auto Limited, has issued and allotted commercial paper worth ₹500 crore.

According to the company’s stock exchange filing, the instruments were issued on August 18, 2025, and will be redeemed on November 17, 2025. The commercial paper carries a discount rate of 6.25% and has been assigned a CRISIL A1+ rating.

This marks the first issuance of commercial paper by Bajaj Auto Credit. Commercial paper is an unsecured, short-term debt instrument issued by companies to meet working capital needs and manage short-term liquidity requirements. Typically issued at a discount and redeemed at face value, CP has maturities ranging from a few weeks up to one year. It is commonly used by highly rated firms as a cost-effective alternative to bank borrowings.

Bajaj Auto Credit Limited is a wholly owned subsidiary of Bajaj Auto Limited, one of India’s leading two- and three-wheeler manufacturers. The company was established to support Bajaj Auto’s customers by providing financing solutions tailored to their needs. It primarily focuses on vehicle loans, enabling easier access to Bajaj motorcycles, scooters, and three-wheelers, while also offering consumer and personal financing products.