Bajaj Finance allots 20900 NCDs on Private Placement basis; Stock trades flat

The NCDs has two option for maturity – May 10, 2024, and April 18, 2031, respectively.

Jun 17, 2021 12:06 IST India Infoline News Service

The Debenture Allotment Committee of Bajaj Finance Limited has, at its meeting held on June 16, 2021, allotted 20900 Secured redeemable non-convertibles debentures on a Private Placement basis.

The NCDs have two options for maturity – May 10, 2024, and April 18, 2031, respectively.

On the NCDs maturing on May 10, 2024, a coupon rate of 5.65% per annum is set. While on NCDs maturing on April 18, 2031, the coupon rate stands at 7.02% per annum.

The redemption value is Rs10 lakhs per NCD. And face value is also 10 lakhs per NCD.

At around 12.41 pm, Bajaj Finance Ltd. was trading at Rs6092.00 per piece up Rs9.00 or 0.15% from its previous closing of Rs6,083 per piece on the BSE.

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