8.85% Bajaj Finance Limited - AAA Rated (INE296A08789)

Bajaj Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE296A08789, with a face value of ₹10,00,000 rs on 21Jul16 to raise 490 crores. The debt instrument is issued with a coupon rate of 8.85% 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 Unsecured Debenture is 8.85% UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 175. DATE OF MATURITY 21/07/2026. 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 02Aug16. INDIA RATING AND RESEARCH PVT. LTD has given AAA rating to this Debenture on 20May16. 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.