By Susanna Moon
Chicago, Sept. 30 – Bajaj Finance Ltd. priced Rs. 5 billion of 8.45% unsecured subordinated tier 2 redeemable debentures due 2026.
The notes will be issued 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: | Unsecured subordinated tier 2 redeemable debentures
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| Amount: | Rs. 5 billion
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| Maturity: | Sept. 29, 2026
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| Coupon: | 8.45%
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| Price: | Par of Rs. 1 million
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| Allotment date: | Sept. 30
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