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Bajaj Finance issues 4.75B rupees of debentures

Bajaj Finance Ltd. issued 4.75 billion Indian rupees worth of debentures on a private placement basis.

The company said April 1 that the secured redeemable nonconvertible debentures were issued in five options, with tenors ranging from 1,138 days to 1,222 days.

The first option comprised 1,187-day notes priced with a coupon of 7.8409% per year. The remaining four options were zero-coupon debentures with a yield to maturity of 7.85% on an XIRR basis.

The debentures were allotted March 31.

As of March 31, US$1 was equivalent to 64.86 Indian rupees.