Instrument Details

ISIN: INE296A07IA6

Face value

₹10,00,000

Coupon rate

8.70%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

5

Instrument Type

Debenture

Returns

High

Date of Issue

13 Oct 2015

Maturity Date

13 Oct 2025

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL 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 SR-138 OPT I 8.7 NCD 13OT25 FVRS10LAC
Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A07IA6, with a face value of ₹10,00,000 rs on 13Oct15 to raise 5 crores. The debt instrument is issued with a coupon rate of 8.70% 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 8.70% SECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 138 OPTION I. DATE OF MATURITY 13/10/2025. 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 29Oct15. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 09Oct15. 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
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Date Verified
08 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Senior
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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
13-Oct-15 : Your investment
₹87,00,000
13-Oct-16 : Interest
₹87,00,000
13-Oct-17 : Interest
₹87,00,000
13-Oct-18 : Interest
₹87,00,000
13-Oct-19 : Interest
₹87,00,000
13-Oct-20 : Interest
₹87,00,000
13-Oct-21 : Interest
₹87,00,000
13-Oct-22 : Interest
₹87,00,000
13-Oct-23 : Interest
₹87,00,000
13-Oct-24 : Interest
₹87,00,000
13-Oct-25 : Interest
₹18,70,00,000
13-Oct-25 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,70,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.70%

Returns

High

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 INE296A07IA6 issued by Bajaj Finance Limited

The instrument name of INE296A07IA6 ISIN is BAJAJ FINANCE LIMITED SR-138 OPT I 8.7 NCD 13OT25 FVRS10LAC.
The interest earned from INE296A07IA6 bond issued by Bajaj Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE296A07IA6 bond issued by Bajaj Finance Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.7%, which determines the periodic interest payments made to bondholders.
The INE296A07IA6 Debenture is issued by Bajaj Finance Limited, a Private Sector company.