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Bajaj Finance Raises INR45.1 Billion Through Debenture Allotment

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Bajaj Finance (NSE:BAJFINANCE, BOM:500034) raised 45.1 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Friday filing to the Indian stock exchanges.

The company allotted 450,000 non-convertible debentures with a face value of 100,000 rupees each in two tranches.

In the first tranche, the company allotted 200,000 debentures with a coupon rate of 7.93% per annum. These are scheduled to mature on June 12, 2029.

In the second tranche, the company allotted 250,000 non-convertible debentures with a coupon rate of 8.00% per annum. They will mature on May 12, 2031.

The debentures are proposed to be listed on the wholesale debt market segment of BSE, the filing said.

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