By Tali Rackner
Norfolk, Va., March 22 – Bajaj Finance Ltd. priced Rs. 2.35 billion of 7.85% secured redeemable nonconvertible debentures maturing on March 21, 2022, according to a notice.
The 235 debentures, with a face value of Rs. 1 million each, will be issued on a private placement basis and 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.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 2.35 billion
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Maturity: | March 21, 2022
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Coupon: | 7.85%
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Price: | Par of Rs. 1 million
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Allotment date: | March 21
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