Instrument Details

ISIN: INE296A07QS1

Face value

₹10,00,000

Coupon rate

8.95%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

1495

Instrument Type

Debenture

Returns

High

Date of Issue

09 Jan 2019

Maturity Date

01 Aug 2026

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 8.95 NCD 08JN26 FVRS10LAC
Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A07QS1, with a face value of ₹10,00,000 rs on 09Jan19 to raise 1495 crores. The debt instrument is issued with a coupon rate of 8.95% 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 8.95% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 08/01/2026. 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 16Jan19. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 27Dec18. 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 Dec 2023
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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
09-Jan-19 : Your investment
₹89,50,000
09-Jan-20 : Interest
₹89,50,000
09-Jan-21 : Interest
₹89,50,000
09-Jan-22 : Interest
₹89,50,000
09-Jan-23 : Interest
₹89,50,000
09-Jan-24 : Interest
₹89,50,000
09-Jan-25 : Interest
₹89,50,000
09-Jan-26 : Interest
₹50,51,232
01-Aug-26 : Interest
₹16,77,01,232
01-Aug-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹6,77,01,232)

Summary

Instrument Attributes

Value

Coupon Rate

8.95%

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 INE296A07QS1 issued by Bajaj Finance Limited

The instrument name of INE296A07QS1 ISIN is BAJAJ FINANCE LIMITED 8.95 NCD 08JN26 FVRS10LAC.
The interest earned from INE296A07QS1 bond issued by Bajaj Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE296A07QS1 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 8.95%, which determines the periodic interest payments made to bondholders.
The INE296A07QS1 Debenture is issued by Bajaj Finance Limited, a Private Sector company.