Bond Bajaj Finance Obligations 0% ( INE296A07FZ9 ) in INR

Issuer Bajaj Finance Obligations
Market price 100 %  ⇌ 
Country  India
ISIN code  INE296A07FZ9 ( in INR )
Interest rate 0%
Maturity 16/05/2017 - Bond has expired



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Minimal amount /
Total amount 20 000 000 000 INR
Detailed description Bajaj Finance Bonds are debt instruments issued by Bajaj Finance Limited, a leading Non-Banking Financial Company (NBFC) in India, offering investors fixed income with varying tenures and interest rates.

This financial article provides details on a specific fixed-income instrument, an Indian-issued bond, identified by its ISIN code INE296A07FZ9. The issuer of this obligation was Bajaj Finance Bonds, representing Bajaj Finance Limited, a prominent Non-Banking Financial Company (NBFC) in India. Bajaj Finance Limited operates as a subsidiary of Bajaj Finserv Limited, which itself is part of the esteemed Bajaj Group, one of India's oldest and most respected conglomerates. The company is widely recognized for its extensive financial product offerings, including consumer finance, SME finance, commercial lending, rural lending, and wealth management, serving a vast customer base across the country and holding a significant market position in the Indian financial services sector. This particular bond was denominated in Indian Rupees (INR) and constituted a substantial total issue size of 20,000,000,000. Notably, it was structured as a zero-coupon bond, carrying a stated interest rate of 0%, implying that investors would have purchased the bond at a discount and received its full face value at maturity. The bond reached its maturity on May 16, 2017, and as reported, it has successfully been repaid, completing its lifecycle on the market. The indication of a current market price of 100% at the time of its final status confirms that the bond was redeemed at par, fully discharging the issuer's obligations to its bondholders as scheduled. The single payment frequency aligns with the nature of a zero-coupon instrument, where the principal and any implicit interest are paid in a single lump sum at the end of the term.