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India New Issue-Bajaj Finance accepts bids for multiple-tenor bonds, bankers say

MUMBAI, May 12 (Reuters) - India's Bajaj Finance BJFN.NS accepts bids worth an aggregate of 28.92 billion rupees ($302.8 million) for sale of bonds maturing in five years and for the reissue of April 2029 bonds, three bankers said on Tuesday.

The non-bank lender will pay a coupon of 8% on the fresh issue and a yield of 7.95% on the reissue, and had invited commitment bids on Monday, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on May 12:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance April 2029 reissue2 years and 11 months7.9510.70May 11AAA (Crisil)
Bajaj Finance5 years818.22May 11AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 95.5075 Indian rupees) (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala) ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))

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