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Bajaj Finance raises 3.87B rupees in debt offering

Bajaj FinanceLtd. raised 3.87 billion Indian rupees via a multi-tranche offeringof redeemable nonconvertible debentures on a private placement basis.

The company said Sept. 28 that the debentures were allottedSept. 27. The debentures due March 27, 2020, and Sept. 27, 2019, were pricedwith coupons of 7.8834% and 7.90% per year, respectively.

The debentures due Oct. 21, 2019; April 7, 2020; and July 3,2020, were priced with a zero coupon.

As of Sept. 27, US$1was equivalent to 66.54 Indian rupees.