8.65% Bajaj Finance Limited - AAA Rated (INE296A07LG7)

Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A07LG7, with a face value of ₹10,00,000 rs on 04Jul16 to raise 47.5 crores. The debt instrument is issued with a coupon rate of 8.65% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 8.65% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 169. DATE OF MATURITY 03/07/2026. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 15Jul16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 20May16. This issuer is formerly known as BAJAJ AUTO FINANCE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.