diff --git a/src/nccl_ofi_rdma.c b/src/nccl_ofi_rdma.c
index 063a7bac2..9bf337b94 100644
--- a/src/nccl_ofi_rdma.c
+++ b/src/nccl_ofi_rdma.c
@@ -5649,6 +5649,9 @@ static inline int init_bounce_buffers(nccl_net_ofi_rdma_ep_t *ep)
 {
 	int ret = 0;
 
+	ep->bounce_buff_reqs_fl = NULL;
+	ep->bounce_buff_fl = NULL;
+
 	ret = nccl_ofi_freelist_init(sizeof(nccl_net_ofi_rdma_req_t),
 				     ofi_nccl_rdma_min_posted_bounce_buffers(), 16, 0,
 				     &ep->bounce_buff_reqs_fl);
@@ -5663,9 +5666,7 @@ static inline int init_bounce_buffers(nccl_net_ofi_rdma_ep_t *ep)
 					ep, 0, BOUNCE_BUFFER_ALIGNMENT, &ep->bounce_buff_fl);
 	if (ret != 0) {
 		NCCL_OFI_WARN("Failed to init bounce_buff_fl");
-		if (nccl_ofi_freelist_fini(ep->bounce_buff_reqs_fl))
-			NCCL_OFI_WARN("Also failed to freelist_fini bounce_buff_reqs_fl");
-		return ret;
+		goto error;
 	}
 
 	/*
@@ -5682,6 +5683,9 @@ static inline int init_bounce_buffers(nccl_net_ofi_rdma_ep_t *ep)
 		);
 	ep->control_rail.num_bounce_posted = 0;
 	ret = nccl_net_ofi_mutex_init(&ep->control_rail.bounce_mutex, NULL);
+	if (ret != 0) {
+		goto error;
+	}
 
 	for (int rail_id = 0; rail_id < ep->num_rails; ++rail_id) {
 		nccl_net_ofi_ep_rail_t *rail = get_rail(ep, rail_id);
@@ -5691,7 +5695,28 @@ static inline int init_bounce_buffers(nccl_net_ofi_rdma_ep_t *ep)
 		rail->max_bounce_posted = NCCL_OFI_DIV_CEIL(
 			ofi_nccl_rdma_max_posted_bounce_buffers(), ep->num_rails
 		);
-		nccl_net_ofi_mutex_init(&rail->bounce_mutex, NULL);
+		rail->num_bounce_posted = 0;
+		ret = nccl_net_ofi_mutex_init(&rail->bounce_mutex, NULL);
+		if (ret != 0) {
+			/* Cleanup previous mutexes */
+			nccl_net_ofi_mutex_destroy(&ep->control_rail.bounce_mutex);
+			for (int i = 0; i < rail_id; ++i) {
+				nccl_net_ofi_mutex_destroy(&(get_rail(ep, i)->bounce_mutex));
+			}
+			goto error;
+		}
+	}
+
+	return ret;
+
+error:
+	if (ep->bounce_buff_reqs_fl != NULL) {
+		nccl_ofi_freelist_fini(ep->bounce_buff_reqs_fl);
+		ep->bounce_buff_reqs_fl = NULL;
+	}
+	if (ep->bounce_buff_fl != NULL) {
+		nccl_ofi_freelist_fini(ep->bounce_buff_fl);
+		ep->bounce_buff_fl = NULL;
 	}
 
 	return ret;