By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – Bajaj Finance Ltd. sold Rs. 1.6 billion of 8.36% secured redeemable debentures due 2021 on Wednesday.
The company sold 1,600 debentures with a face value of Rs. 1 million each in a private placement, according to a notice.
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.
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Issue: | Secured redeemable debentures
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Amount: | Rs. 1.6 billion
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Maturity: | Oct. 8, 2021
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Coupon: | 8.36%
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Price: | Par of Rs. 1 million
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Allotment date: | Aug. 10
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