India New Issue-Bajaj Finance accepts bids for multiple bond reissues, bankers say

Bajaj Finance

21/05/2025 11:42

MUMBAI, May 21 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 92.65 billion rupees ($1.08 billion) for reissue of June 2028 and June 2030 bonds, three bankers said on Wednesday.

The non-banking financial company 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 21:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance June 2028 reissue
3 years and 1 month
7.16 (yield)
55
May 21
AAA (Crisil)
Bajaj Finance June 2030 reissue
5 years and 1 month
7.24 (yield)
37.65
May 21
AAA (Crisil)
REC
2 years and 8 months
6.52
30
May 21
AAA (Crisil, Icra, Care)
REC
10 years and 11 months
6.81
26.35
May 21
AAA (Crisil, Icra, Care)
Shriram Finance
2 years and 10 months
To be decided
5
May 22
AA+ (Crisil)
Axis Finance
3 years and 3 months
7.37
5+5
May 22
AAA (India Ratings)
Tata Capital July 2025 reissue
2 years and 2 months
To be decided
7.50+12.50
May 21
AAA (Icra, Crisil)
Aditya Birla Housing Finance
3 years
7.3064
8.50+1.50
May 21
AAA (Icra, Crisil)
Tata Capital Housing Finance
2 years and 2 months
7.12
15
May 20
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.5280 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)

 ((Dharamraj.dhutia@tr.com))