Bajaj Finance is eyeing to raise at least Rs 50 crore via 2-yr bonds at 10.20 percent. Deutsche Bank is the sole arranger to the deal and the pay-in date for the issue is July 5.
Recently, Credit rating agency, CRISIL had reaffirmed AA+/ stable rating to Rs 1,035 crore cash credit/working capital demand loan facility (enhanced from Rs 985 crore) and Rs 1725 crore long-term loan facility (enhanced from Rs 12.25 billion) of Bajaj Finance. The rating agency had also reaffirmed P1+ rating to Rs 2000 crore short term debt programme of the company.
Bajaj Finance was incorporated with the main object of financing of two-wheelers and three-wheelers manufactured by Bajaj Auto. Over the years, the company has added more lending products to its portfolio and is now a diversified consumer and small business lending company. The company currently offers six lending products.
