India New Issue-Bajaj Finance accepts bids for zero-coupon bonds, bankers say

Bajaj Finance

21/10/2026 05:15

MUMBAI, Oct 21 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 21.20 billion Indian rupees ($224.17 million), for zero-coupon bonds maturing in five years, three bankers said on Wednesday.
The non-banking finance company will offer a yield of 8.59% on this issue, and had invited bids on Monday, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.

 
 Here is the list of deals reported so far on October 21: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance
5 years
8.59 (yield)
21.20
October 19
AAA (Crisil)
L&T Finance 
Sept 2029 reissue
2 year and 11 months
8.00 (yield)
15
October 19
AAA (Crisil, CareEdge)

* Size includes base plus greenshoe for some issues



($1 = 94.5700 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
 ((Dharamraj.dhutia@tr.com))