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India New Issue-Bajaj Finance accepts bids for over 3-year bonds, bankers say

MUMBAI, Sept 10 (Reuters) - India's Bajaj Finance BJFN.NS HAS accepted bids worth 13.5 billion rupees ($153.27 million) for bonds maturing in three years and three months, three bankers said on Wednesday.

They said the non-banking financial company will pay a coupon of 7.24% had invited bids from bankers and investors earlier in the day.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on September 10:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
KPI Green Energy5 years8.5 (quarterly)6.7September 10A- (Icra)
Sundaram Finance2 years7.0510September 10AAA (Crisil)
Bajaj Finance3 years and 3 months7.2413.5September 10AAA (Crisil)
Manipal Hospitals2 years9.03 (yield)53.10September 10AA (India Ratings)
Poonawalla Fincorp3 years7.5810September 9AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 88.0825 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra) ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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