By Sarah Lizee
Olympia, Wash., Oct. 26 – Bajaj Finance Ltd. said its debenture allotment committee at its meeting held on Thursday allotted Rs. 4.25 billion of secured redeemable nonconvertible debentures in two parts by way of a private placement.
The debentures sold in two options, including 9.3027% debentures due Oct. 7, 2022 and zero-coupon debentures due Sept. 2, 2022, according to a notice.
The 4,250 debentures have a face value of Rs. 1 million each and 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
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| Amount: | Rs. 4.25 billion
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| Price: | Par of Rs. 1 million
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| Allotment date: | Oct. 25
|
|
|
| Option 1 debentures
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| Maturity: | Oct. 7, 2022
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| Coupon: | 9.3027%
|
|
|
| Option 2 debentures
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| Maturity: | Sept. 2, 2022
|
| Coupon: | 0%
|
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