The information provided are for general consumption only. Do not construe this as an offer/advice/research to buy/sell any securities

Instrument Details

ISIN: INE296A07RJ8

Face value

₹10,00,000

Coupon rate

7.25%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

50

Instrument Type

Debenture

Returns

Medium

Date of Issue

27 Aug 2020

Maturity Date

27 Aug 2030

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (INDIA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

BAJAJ FINANCE LIMITED 7.250 NCD 27AG30 FVRS10LAC
Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A07RJ8, with a face value of ₹10,00,000 rs on 27Aug20 to raise 50 crores. The debt instrument is issued with a coupon rate of 7.25% 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 7.250% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY : 27/08/2030.. 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 01Sep20. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 16Apr20. 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.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
check
Date Verified
16 Jul 2024
check
Outlook
Stable
logo
Seniority in Repayment
Senior
logo
Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
27-Aug-20 : Your investment
₹72,50,000
27-Aug-21 : Interest
₹72,50,000
27-Aug-22 : Interest
₹72,50,000
27-Aug-23 : Interest
₹72,50,000
27-Aug-24 : Interest
₹72,50,000
27-Aug-25 : Interest
₹72,50,000
27-Aug-26 : Interest
₹72,50,000
27-Aug-27 : Interest
₹72,50,000
27-Aug-28 : Interest
₹72,50,000
27-Aug-29 : Interest
₹72,50,000
27-Aug-30 : Interest
₹17,25,00,000
27-Aug-30 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹7,25,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

7.25%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Mumbai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE296A07RJ8 issued by Bajaj Finance Limited

The instrument name of INE296A07RJ8 ISIN is BAJAJ FINANCE LIMITED 7.250 NCD 27AG30 FVRS10LAC.
The interest earned from INE296A07RJ8 bond issued by Bajaj Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE296A07RJ8 bond issued by Bajaj Finance Limited has been assigned a credit rating of AAA by INDIA RATING AND RESEARCH PVT. LTD, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 7.25%, which determines the periodic interest payments made to bondholders.
The INE296A07RJ8 Debenture is issued by Bajaj Finance Limited, a Private Sector company.
People

Invest in safer portfolio without compromising returns.

Dezerv Debt PMS strategy designed by our investment experts

Learn more

up arrow