Bajaj Finance Limited allots 49,600 NCDs with 8.08% coupon rate

Bajaj Finance Limited allots 49,600 NCDs with 8.08% coupon rate

The subscription size is Rs 1,000 crore plus Rs 5,000 crore, and minimum subscription is at Rs 1 crore.

FPJ Web DeskUpdated: Tuesday, March 21, 2023, 08:25 PM IST
article-image

As per a regulatory filing, Bajaj Finance has allotted 49,600 debentures, which are non-convertible, secured and redeemable.

The subscription size is Rs 1,000 crore plus Rs 5,000 crore, and minimum subscription is at Rs 1 crore.

The coupon rate for the non-convertible debentures has been kept at 8.08 per cent per year.

(To receive our E-paper on WhatsApp daily, please click here.  To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Government to make ₹4,000 crore from over-subscribed share sale for Coal India

Government to make ₹4,000 crore from over-subscribed share sale for Coal India

RBI proposes rules for payment system operators to strengthen cybersecurity

RBI proposes rules for payment system operators to strengthen cybersecurity

Go First may relaunch operations in two weeks as part of revival plan submitted to DGCA

Go First may relaunch operations in two weeks as part of revival plan submitted to DGCA

From Nano to ₹13,000 crore EV battery plant, a look at Tata's top projects Gujarat

From Nano to ₹13,000 crore EV battery plant, a look at Tata's top projects Gujarat

Income Tax refunds were issued within 16 days on average in FY23

Income Tax refunds were issued within 16 days on average in FY23