Bond Bajaj Finance Obligations 0% ( INE296A07MS0 ) in INR

Issuer	Bajaj Finance Obligations
Market price	100 % ⇌
Country	India
ISIN code	INE296A07MS0 ( in INR )
Interest rate	0%
Maturity	07/04/2020 - Bond has expired
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Minimal amount	/
Total amount	57 000 000 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. A fixed-income instrument, specifically a bond identified by the ISIN code INE296A07MS0, issued by Bajaj Finance Bonds, an integral part of Bajaj Finance Limited, has successfully reached its maturity and been fully redeemed. Bajaj Finance is a leading Non-Banking Financial Company (NBFC) operating out of India, widely recognized for its diverse financial product offerings across consumer finance, SME lending, and wealth management, playing a pivotal role in the Indian financial sector. This particular debt security, denominated in Indian Rupees (INR), was structured as a zero-coupon bond, which implies it did not carry any periodic interest rate payments throughout its lifespan. Investors in such instruments typically realize their returns from the difference between the purchase price (at a discount) and the redemption value (at par). The total principal size of this issuance was 57,000,000 INR. The bond matured on April 7, 2020, at which point it was redeemed at 100% of its face value, ensuring that all bondholders received their principal investment back. The successful and timely redemption of this bond underscores Bajaj Finance's commitment to fulfilling its financial obligations and maintaining its strong credit profile within the debt markets.