Bajaj Finance Limited on Thursday has allotted 360 Secured redeemable non-convertibles debentures (NCDs) having face value of Rs10 Lakh each having issue price of Rs9,97,592/- aggregating Rs35.92cr on a private placement basis.
The maturity date for the issue is December 24, 2030 and the coupon rate is 6.92% per annum. The ratings on NCDs are CRISIL AAA/ Stable” by CRISIL Limited and “IND AAA/Stable” by India Ratings & Research Pvt. Ltd.
At around 10.05 am, Bajaj Finance Ltd was trading at Rs5537.55 per piece down Rs27.90 or 0.50% from its previous closing of Rs5,565.45 per piece on the BSE.
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