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India's Bajaj Finance issues 100M rupees of debentures

India's Bajaj Finance Ltd. issued 100 million rupees of secured nonconvertible debentures on a private placement basis.

The company said Feb. 2 that the debentures were priced with a coupon of 7.70% per year and will mature Feb. 2, 2022.

As of Feb. 2, US$1 was equivalent to 67.19 Indian rupees.