Bajaj Finance Ltd.

Bajaj Finance has raised Rs 755 crore by issuing bonds on a private placement basis. The Debenture Allotment Committee of the company, at its meeting held on December 3, 2020, has allotted 7,550 secured redeemable non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 755 crore.

The bonds, having tenor of 729 days, will bear coupon rate of 4.66 per cent per annum. The NCDs are rated AAA with stable outlook by Crisil.

Bajaj Finance, the lending company of Bajaj Finserv group, is one of the most diversified NBFCs in the Indian market catering to more than 40 million customers across the country.