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

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

- India's Bajaj Finance BJFN.NS accepted bids worth 20.6950 billion rupees ($217.3 million) for the sale of bonds maturing in three years and two months, and five years, three bankers said on Thursday.

The non-bank lender will pay a coupon of 8.70% for both issues, and had invited commitment bids for the issue earlier in the day, they said.

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

Here is the list of deals reported so far on October 28:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bajaj Finance

3 years and 2 months

8.70

8.075

October 29

AAA (Crisil)

Bajaj Finance

5 years

8.70

12.62

October 29

AAA (Crisil)

Aditya Birla Housing Finance

3 year and 15 days

8.7145

10

October 29

AAA (Crisil)

Aditya Birla Housing Finance

10 years

8.70

4.31

October 29

AAA (Crisil)


*Size includes base plus greenshoe for some issues





($1 = 95.2200 Indian rupees)


(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)

((Khushi.malhotra@tr.com))

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