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India New Issue-Bajaj Finance accepts bids on 2-year bonds, bankers say

MUMBAI, Feb 11 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($55.1 million) for bonds maturing in two years, three bankers said on Wednesday.

It will pay an annual coupon of 7.31% on this issue and had invited coupon and commitment bids earlier in the day, they said.

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

 Here is the list of deals reported so far on February 11:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance2 years7.315February 11AAA (Crisil)
NaBFID10 years7.4525.54February 11AAA (Crisil, Icra)
SIDBI3 years and 2 months7.2278.66February 11AAA (Care, Crisil)
HUDCOperpetual7.8714.42February 11AAA (Care, Acuite)
*Size includes base plus greenshoe for some issues ($1 = 90.7275 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com))

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