By Susanna Moon
Chicago, July 19 – Bajaj Finance Ltd. priced Rs. 4.9 billion of secured redeemable debentures in two tranches.
The 8.45% notes are due in 2018, and the 8.48% notes will mature in 2019.
Bajaj sold 4,900 notes with a par value of Rs. 1 million each in a private placement, according to a notice.
The debentures will be listed on the wholesale debt market segment of the BSE Ltd.
Bajaj Finance is a Pune, India-based company with a focus on consumer finance, small- and medium-sized enterprise finance, commercial lending and investment services.
| Issuer: | Bajaj Finance Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 4.9 billion
|
| Allotment date: | July 19
|
|
|
| Two-year notes
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| Maturity: | July 19, 2018
|
| Coupon: | 8.45%
|
|
|
| Three-year notes
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| Maturity: | July 19, 2019
|
| Coupon: | 8.48%
|
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