Bajaj Finance : Issue of Securities

	BAJAJ FINANCE LIMITED
SEC/PPNCD/BSE-NSE/2021/285	18 February 2022
The Manager,	The Manager,
BSE Limited,	National Stock Exchange of India Ltd.,
Phiroze Jeejeebhoy Towers,	Exchange Plaza, C-1, Block G,
25th Floor, Dalal Street,	Bandra - Kurla Complex,
Mumbai - 400 001	Bandra (East), Mumbai - 400 051
Scrip Code:500034	Scrip Code : BAJFINANCE -EQ
Dear Sirs,

Sub.: Intimation of allotment of Secured Redeemable Non-Convertible Debentures on Private Placement basis

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Debenture Allotment Committee of the Company has, at its meeting held on 18 February 2022, allotted 51410 Secured redeemable non-convertibles debentures, with details as below:

	Security Name (Name of the non-		Option I - Bajaj	Option II - Bajaj	Option III - Bajaj
	convertible securities which includes		Finance Limited	Finance Limited	Finance Limited 7.15%
	(Coupon/dividend, Issuer Name and		5.75% Secured	0%(Zero Coupon )	Secured Redeemable
	maturity year) e.g. 8.70% XXX 2015.		Redeemable Non-	Secured Redeemable	Non-Convertible
			Convertible	Non-Convertible	Debentures (NCD)
			Debentures (NCD)	Debentures (NCD) 2026.	2031.(Further Issuance)
			2024.
	Issuer				Bajaj Finance Limited
	Issue Series				285
	Type of Instrument			Secured Redeemable Non-Convertible Debentures
	Nature of Instrument (Secured or				Secured
	Unsecured)
	Seniority (Senior or Subordinated)				Senior
	ISIN (In Case of Further Issuance)		NEW ISSUE	NEW ISSUE		INE296A07RW1
			Option I	Option II		Option III
	Maturity		16th February 2024	18th February 2026	02nd December 2031
	Tenor		728 Days	1461 Days		3574 Days
	Coupon rate		5.75%	Zero Coupon	7.15%
	Redemption Value		₹10,00,000 per NCD	₹12,82,822 per NCD	₹10,00,000 per NCD
	Coupon Type			Fixed	Zero Coupon	Fixed
	Coupon Frequency		First coupon	N.A.		Annually & On
			payable on 18th Feb					Maturity
			23,
			& on Maturity
	Face Value		₹10,00,000 per NCD	₹10,00,000 per NCD	₹10,00,000 per NCD
	Past Issue History (In case of Further			N.A.	N.A.		₹ 930.50 Crs
	issuance)
	Rating of Instrument		"CRISIL AAA/ Stable"	"CRISIL AAA/ Stable"	"CRISIL AAA/ Stable"
			by CRISIL Limited.	by CRISIL Limited.	by CRISIL Limited &
									"IND AAA/Stable" by
									India Ratings &
									Research Private
									Limited.
	Issue size (Issue Series 285)		₹10 Crores plus ₹4690	₹10 Crores plus ₹790	₹10 Crores plus ₹990
Corporate Office Ext.: 3rd Floor, Panchshil Tech Park,		Tel: [phone]			www.bajajfinserv.in/corporate-bajaj-
Viman Nagar, Pune-411014, Maharashtra, India		Fax: [phone]			finance;
Registered Office: Akurdi, Pune-411035, Maharashtra, India	Corporate ID No.:
				L65910MH1987PLC042961

BAJAJ FINANCE LIMITED

	Crores		Crores		Crores
Total Issue size (Issue Series 285)	₹30 Crores plus ₹6470 Crores
Objects of the Issue including reason to	Objects of this issue including green shoe option, if any, is to
retain green shoe option, if any	augment the long term resources of the Company. The funds raised
	through this issue will be utilized for general business purpose of the
	Company including various financing activities, to repay our
	existing loans, investments for liquidity and statutory requirements,
	capital expenditure and working capital requirements.
Details of the utilization of the Proceeds	Up to 100% funds will be utilized within the categories mentioned in
	the objects of the issue.
Step Up/ Step Down Coupon Rate	N.A.
Coupon Reset Process (including rates,	N.A.
spread, effective date, interest rate cap
and floor etc.,)
Day Count Basis	Actual/Actual
	Interest shall be computed on an "actual/actual basis". Where
	the interest period (start date to end date) includes February 29,
	interest shall be computed on 366 days-a-year-basis.
Interest on Application Money	N.A.
Default Interest Rate	2% p.a. over the coupon rate will be payable by the Company for
	the defaulting period if such failure is not rectified within 7 working
	days.
Put Option Date	Not Applicable
Put Option Price	Not Applicable
Call Option Date	Not Applicable
Call Option Price	Not Applicable
Put Notification Time	Not Applicable
Call Notification Time	Not Applicable
Minimum Application	10 Debentures of face value ₹10 Lakh each i.e. ₹1 Crore and in

multiples of one debenture (₹10 Lakh each) thereafter.

	Issue Timing		11:30 AM to 12:30 PM
1.	Issue Opening Date		17th February 2022
2.	Issue Closing Date		17th February 2022
3. Pay-in- Date		18th February 2022
4. Deemed Date of Allotment		18th February 2022
	Eligible Investors	•	Companies and Bodies Corporate including Public Sector
			Undertakings;
		•	Commercial Bank,
		•	Regional Rural Banks,
		•	Financial Institutions,
		•	Insurance Companies,
		•	Non-banking finance companies and Residuary NBFCs
		•	Mutual funds
		•	Foreign institutional investors
		•	Foreign portfolio investors as permitted under the SEBI
			(Foreign Portfolio Investors) Regulations, 2014
		•	Venture Capital Funds
		•	National Investment Funds
		•	Provident Funds, Gratuity, Superannuation and Pension
			Funds, subject to their Investment guidelines
		•	Any other investor authorized to invest in these Debentures

Corporate Office Ext.: 3rd Floor, Panchshil Tech Park,	Tel: [phone]	www.bajajfinserv.in/corporate-bajaj-
Viman Nagar, Pune-411014, Maharashtra, India	Fax: [phone]	finance;
Registered Office: Akurdi, Pune-411035, Maharashtra, India	Corporate ID No.:
	L65910MH1987PLC042961

BAJAJ FINANCE LIMITED

Listing (name of stock Exchange(s)

BSE Limited.

where it will be listed and timeline for

Proposed to be listed on the wholesale debt segment of BSE as

listing)

per Operational Guidelines issued by the Securities and Exchange

Board of India dated August 10, 2021 the listing will be done the

listing will be within T+ 4 working days from the date of closure of

issue. In case of further issuance where bond is already listed on

the exchange, necessary arrangements will be made to give

effect of further issuance.

Total Issue Size

₹30 Crores plus ₹6470 Crs

Minimum subscription

₹1crs and in multiples of ₹10 lacs thereafter

Option to retain oversubscription

(

Retain over subscription up to ₹6470 Crores of each

Amount )

In case the issuer is a NBFC and the

N.A.

objects of the issue entail loan

to any

entity who is a 'group company'

then disclosures shall be made in the

following format:

Step Up/Step Down Coupon Rate

Not Applicable

(Cumulative / non cumulative, in case of

Not Applicable

dividend

Coupon Type (Fixed, floating or other

Fixed ( In Option I & III)

& Zero Coupon (In Option II)

structure)

CASH FLOWS

Option I

Option II

Option III

1st Coupon Date

Date*

18-02-23

02-12-22

No of Days

365

365

Amount (₹) Per

57500

71,500.00

NCD

2nd Coupon Date

Date*

16-02-24

02-12-23

No of Days

363

365

Amount (₹) Per

57185

71,500.00

NCD

3rd Coupon Date

Date*

02-12-24

No of Days

366

Amount (₹) Per

71,500.00

NCD

4th Coupon Date

Date*

02-12-25

No of Days

365

Amount (₹) Per

71,500.00

NCD

5th Coupon Date

Date*

02-12-26

No of Days

365

Amount (₹) Per

71,500.00

NCD

6th Coupon Date

Date*

02-12-27

No of Days

365

Amount (₹) Per

71,500.00

NCD

Corporate Office Ext.: 3rd Floor, Panchshil Tech Park,

Tel: [phone]

www.bajajfinserv.in/corporate-bajaj-

Viman Nagar, Pune-411014, Maharashtra, India

Fax: [phone]

finance;

Registered Office: Akurdi, Pune-411035, Maharashtra, India

Corporate ID No.:

L65910MH1987PLC042961

				BAJAJ FINANCE LIMITED
	7th Coupon Date		Date*
				02-12-28
			No of Days			366
			Amount (₹) Per			71,500.00
			NCD
	8th Coupon Date		Date*			02-12-29
			No of Days			365
			Amount (₹) Per			71,500.00
			NCD
	9th Coupon Date		Date*			02-12-30
			No of Days			365
			Amount (₹) Per			71,500.00
			NCD
	10th Coupon Date		Date*			02-12-31
			No of Days			365
			Amount (₹) Per			71,500.00
			NCD
	Principal/ Redemption Amount		Date*	16-02-24	18-02-26	02-12-31
			No of Days	728	1461	3652
			Amount (₹) Per	10,00,000.00	10,00,000.00	10,00,000.00
			NCD
	Coupon Rate			5.750% p.a.	Zero Coupon	7.150% p.a.
	Tenor (Days)- Issue series 285			728	1461	3574 ( Residual
			Maturity)
	Redemption Date			16-02-24	18-02-26	02-12-31
					Premium of
	Redemption Premium/Discount			N.A.	₹28.2822 per ₹100	N.A.
					per NCD
				1st Coupon
	Coupon Payment Frequency			Payment on 18-02-	N. A.	Annually & On
			2023 & On	Maturity
				Maturity
	Coupon Type			Fixed	Zero Coupon	Fixed
						Clean Price: ₹98.7691
						per ₹100 per NCD.
						Accrued interest of ₹
	Issue Price			₹10,00,000 per NCD	₹10,00,000 per NCD	1.5279 per ₹100 per
			NCD. (Accrued
						interest calculated
						for78 days i.e. 02 Dec
						21 to 17 Feb 22)
	Premium/ Discount at which
	security is issued and the effective			Not Applicable	Not Applicable	Discount of ₹1.2309
	yield as a result of such premium/
			per ₹100 per NCD
	discount (In case of Further
	issuance)

• Payment dates subject to change as per the holidays declared in that particular year. Payment convention to be followed as per SEBI Operational circular dated 10 August 2021.

	Coupon Reset Process			Not Applicable
	(including	rates, spread,
	effective	date, interest rate cap
Corporate Office Ext.: 3rd Floor, Panchshil Tech Park,		Tel: [phone]		www.bajajfinserv.in/corporate-bajaj-
Viman Nagar, Pune-411014, Maharashtra, India		Fax: [phone]		finance;
Registered Office: Akurdi, Pune-411035, Maharashtra, India		Corporate ID No.:
					L65910MH1987PLC042961

				BAJAJ FINANCE LIMITED
	and floor etc.,)
	Face Value	Rs.10,00,000/- per NCD
	Minimum Application and in	10 Debentures of face value ₹10 Lakh each i.e. ₹1 Crore and in multiples of
	multiples of thereafter	one debenture (₹10 Lakh each) thereafter.
	Issue Timing
	Issue Opening Date	17 February 2022
	Issue Closing date	17 February 2022
	Date of earliest closing of the issue, if	18 February 2022
	any.
	Pay-in Date	18 February 2022
	Deemed Date of Allotment	18 February 2022
	Settlement mode of the Instrument	RTGS / NEFT/ FUND TRANSFER
	Depository	NSDL / CDSL
	Disclosure of Interest/Dividend /	As per above mentioned
	redemption dates
	Record Date	15 Calendar days before payment date
	Manner of bidding in the issue	Open bidding
	Manner of allotment	Multiple Price
	Type of Bidding	Coupon based
	Manner of settlement	Through Indian Clearing Corporation Ltd
	Designated Account details of ICCL	HDFC Bank :
		Beneficiary Name: INDIAN CLEARING CORPORATION LTD
		Account Number: ICCLEB
		IFSC Code : HDFC0000060
	Settlement cycle	Settlement shall be on T+1 day
	Business Day Convention	As per Operation framework issued by SEBI on 10 August 2021 -
		a)	If any interest payment falls due on a holiday, such interest (as
			calculated up to the day preceding the original date of payment)
			will be paid on the next working day. Date of subsequent interest
			payment(s) shall remain unchanged.
		b) If payment of redemption proceeds (i.e. principal amount along
			with last interest payment) falls due on a holiday, such redemption
			proceeds will be paid on the preceding working day. The amount
			of interest in such case will be calculated up to the date
			preceding the actual date of payment of redemption proceeds.
	All covenants of the issue (including	As set out in Annex. F and all covenants applicable to the issue covered in
	side	the Offer Document and the Transaction Documents, and there is no other
	letters, accelerated payment	side letter.
	clause, etc.)
	Security	The Debentures repayment, interest thereon, Trustees' remuneration and
	(Including description, type of	all other monies relating thereto will be secured by a first pari-passu charge
	security, type of charge, likely date	on book debts/loan receivables, provided that such security cover shall be
	of creation of security,	equivalent to 1.00 time the aggregate outstanding value of debentures to
	minimum security cover, revaluation,	be issued under this information memorandum.
	replacement of security, interest to
	the
	debenture holder over and above
	the coupon
	rate as specified in the Trust Deed
	and
	disclosed in the Offer
	Document/Information
	Memorandum).
	Transaction Documents	•	Information Memorandum;
		• Debenture Trust Cum Hypothecation Deed;
Corporate Office Ext.: 3rd Floor, Panchshil Tech Park,		Tel: [phone]		www.bajajfinserv.in/corporate-bajaj-
Viman Nagar, Pune-411014, Maharashtra, India			Fax: [phone]		finance;
Registered Office: Akurdi, Pune-411035, Maharashtra, India	Corporate ID No.:
				L65910MH1987PLC042961