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India New Issue-Bajaj Finance accepts bids for staggered redemption bonds, bankers say

MUMBAI, Jan 27 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 51.20 billion rupees ($558.10 million) for staggered redemption bonds maturing in eight to 10 years, three bankers said on Tuesday.

It will pay a coupon of 7.65% and had invited commitment bids for the issue on Friday, they said.

The company did not respond to a Reuters email seeking confirmation of the transaction.

Here is the list of deals reported so far on January 27:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance8 to 10 years7.6510+45January 23AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 91.7400 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; editing by Rashmi Aich) ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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