By Susanna Moon
Chicago, June 14 – India’s Bajaj Finance Ltd. priced Rs. 10.25 billion of 7.62% secured redeemable debentures due June 15, 2020 on Tuesday.
Bajaj issued 10,250 debentures at par of Rs. 1 million each in a private placement, according to a Bombay Stock Exchange notice.
The notes will be listed on the wholesale debt market segment of the BSE Ltd.
The issuer 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 debentures
|
| Amount: | Rs. 10.25 billion
|
| Maturity: | June 15, 2020
|
| Coupon: | 7.62%
|
| Price: | Par of Rs. 1 million
|
| Allotment date: | June 13
|
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