By Wendy Van Sickle
Columbus, Ohio, June 23 – Bajaj Finance Ltd. priced Rs. 6 billion of 8.15% unsecured subordinated redeemable nonconvertible debentures maturing on June 22, 2027, according to a notice.
The 6,000 Tier II 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: | Unsecured redeemable nonconvertible debentures
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| Amount: | Rs. 6 billion
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| Maturity: | June 22, 2027
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| Coupon: | 8.15%
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| Price: | Par of Rs. 1 million
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| Allotment date: | June 22
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