7.20% Bajaj Finance Limited - AAA Rated (INE296A07SA5)

Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A07SA5, with a face value of ₹10,00,000 rs on 13Jul22 to raise 750 crores. The debt instrument is issued with a coupon rate of 7.20% 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 7.20% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. SERIES 286 TRANCHE 3. DATE OF MATURITY 12/07/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 14Jul22. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 20Jun22. 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.