India New Issue-Bajaj Finance accepts bids for 2027 bond reissue, bankers say

Bajaj Finance

29/05/2025 11:32

MUMBAI, May 29 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($58.5 million) for the reissue of 7.2337% June 2027 bonds, three bankers said on Thursday.

The non-banking financial company will offer a yield of 6.99% and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

   Here is the list of deals reported so far on May 29:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance 
June 2027 reissue
2 year and 1 month
6.99 (yield)
5
May 29
AAA (Crisil)
Adani Ports
15 year
7.75
50
May 29
AAA (Crisil, Care)
NaBFID
5 year
6.67
21
May 29
AAA (Crisil, Icra)
Jubilant Bevco
3 year
9.15 (yield)
30
June 4
AA (Crisil)
Jubilant Beverages
3 year
9.00 (yield)
26.50
June 4
AA (Crisil)
India Infradebt
5 year and 1 month
7.45
20+2.40
May 30
AAA (Crisil, Icra)

  * Size includes base plus greenshoe for some issues

($1 = 85.4530 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))