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10.15%Bajaj Finance Limited 19 Sep 2024

ISIN:
INE296A08714
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Taxable

Tax Category

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19 Sep, 2024

Maturity Date
(3 Mo 6 D to mature)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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19 Sep, 2014

Allotment Date

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NA

Put Date

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19 Sep, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AAA
ICRA
AAA
CRISIL
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Bajaj Finance Limited

Bajaj Finance Ltd. is one of the largest retail asset financings NBFC with a diversified loan portfolio and a pan-India presence. While it was originally set up to provide finance for the purchase of two-wheelers and three-wheelers manufactured by Bajaj Auto Limited, it diversified into other segments over the years. Currently, it operates across 7 broad categories – Consumer Lending, Mortgages, Commercial Lending, Rural Lending, SME Lending, Deposits, and Partnerships & Services.

The ratio in FY24 is 4.97x and it was 4.81x in FY23, indicating increase in  debt levels, majorly due to significant increase in the finance cost and the borrowings of  the issuer in FY 24.

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Debt/EBITDA

The ratio in FY24 is 2.23x  and it was 2.50x in FY23 indicating decrease in debt service ability of the issuer, majorly due to increase in the finance cost.

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Interest coverage ratio

Recent News
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Bajaj Finance Ltd up for five straight sessions

Mar 27, 2024 | Bajaj Finance Limited

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Bajaj Auto to invest over Rs 3,000 crore into finance subsidiary BACL

Mar 27, 2024 | Bajaj Finance Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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To know more about the Bond and the issuer, download the Information Memorandum.
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To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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