India New Issue-Bajaj Finance accepts bids for dual tranche bonds, bankers say

Bajaj Finance

03/07/2026 12:18

    MUMBAI, July 3 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth an aggregate 53.05 billion rupees ($556.66 million) for bonds maturing in three years and three months, and in 10 years, three bankers said on Friday.
The company will pay a coupon of 7.70% and 7.79% on these issues, and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters request for comment.

Here is the list of deals reported so far on July 3: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Bajaj Finance
3 years and 3 months
7.70
40
July 3
AAA (Crisil)
Bajaj Finance
10 years
7.79
13.05
July 3
AAA (Crisil)
NABARD
3 years and 5 months
7.16
80
July 3
AAA (Icra, Crisil)
IIFCL
4 years and 11 months
7.25
18.48
July 3
AAA (Care, Icra)
AB Capital
Apr 2036 reissue
9 years and 10 months
8.2484 (yield)
5.57
July 3
AAA (Crisil)
NTPC Green Energy
10 years
To be decided
5+20
July 7
AAA (Crisil)

            Poonawalla Fincorp
          
2 years and 4 months
8.0568
5
July 2
AAA (Crisil)

            Sammaan Capital
          
14 months
8.03
8
July 2
AA+ (Crisil, Icra)
Sammaan Capital
20 months
8.43
6
July 2
AA+ (Crisil, Icra)

            Axis Finance
          
3 years and 1 month
7.81
6
July 2
AAA (Crisil, Care)
*Size includes base plus greenshoe for some issues
     
     
($1 = 95.2100 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com))