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Bajaj Finance, Shriram Transport Raise Money Through Bonds

The bonds to be listed on BSE, carries coupon rate of 7.45 per cent per annum and has a tenor of 1093 days.
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Bajaj Finance, Shriram Transport Raise Money Through Bonds
New Delhi: Bajaj Finance today said it has raised Rs 275 crore by issuing non-convertible bonds on a private placement basis.

"The Debenture Allotment Committee of the company at its meeting held today allotted 2750 secured redeemable non-convertible debentures aggregating to Rs 275 crore," Bajaj Finance said in a regulatory filing.

The bonds to be listed on BSE, carries coupon rate of 7.45 per cent per annum and has a tenor of 1093 days. The redemption date is November 29, 2019. Separately, Shriram Transport Finance also informed that it has raised Rs 100 crore by issuing unsecured redeemable rated non convertible subordinated debt on private placement basis.

"The Allotment Committee-NCDs of the company in its meeting held on December 1, 2016 approved and allotted 1,000 unsecured redeemable rated non-convertible subordinated debt
of face value of Rs 10 lakh each, aggregating to Rs 100 crore on private placement basis," it said in a filing to BSE.

Stock of Bajaj Finance closed 0.05 per cent up at Rs 2,685.15 and Shriram Transport was down 0.28 per cent at Rs 901.35 on BSE.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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