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 MUMBAI, Oct 29 (Reuters) - 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)
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