Bond Bajaj Finance Obligations 5.9% ( INE296A07RP5 ) in INR

Issuer Bajaj Finance Obligations
Market price 100 %  ⇌ 
Country  India
ISIN code  INE296A07RP5 ( in INR )
Interest rate 5.9% per year ( payment 1 time a year)
Maturity 12/03/2024 - Bond has expired



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Minimal amount /
Total amount 1 500 000 000 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.

**Bajaj Finance Limited Bond (ISIN: INE296A07RP5) Successfully Matures and Redeems** Bajaj Finance Limited, a prominent Non-Banking Financial Company (NBFC) in India and part of the distinguished Bajaj Group, recently oversaw the successful maturity and full redemption of one of its key debt instruments. This specific bond, identified by its ISIN code INE296A07RP5, represented a significant component of the company's funding strategy within the Indian debt capital markets. Issued in Indian Rupees (INR), this particular fixed-income security carried a competitive annual interest rate, or coupon, of 5.9%. The total initial issuance size for this bond was a substantial INR 1,500,000,000 (one billion five hundred million Indian Rupees), providing crucial capital for Bajaj Finance Limited's diverse lending and financial services operations. Structured with annual interest payments, the bond offered a predictable income stream to its holders throughout its lifecycle. The bond reached its scheduled maturity date on March 12, 2024. Confirming its robust financial standing and commitment to its obligations, Bajaj Finance Limited promptly repaid the principal amount at 100% of its face value upon maturity, alongside the final interest payment. This successful redemption underscores the issuer's strong credit profile and effective financial management, reinforcing investor confidence in its debt instruments. The full repayment at par, indicated by the 100% market price at maturity, signifies the orderly conclusion of this specific borrowing arrangement.