Bajaj Finance, Shriram Transport raise money through bonds

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.