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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to issue 10-year bonds, bankers say

MUMBAI, Aug 21 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 50 billion rupees ($574.7 million), which includes a greenshoe option of 40 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Thursday.

The non-banking financial company has invited bids from bankers and investors on Friday, they said.

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

 Here is the list of deals reported so far on August 21:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance10 yearsTo be decided10+40August 22AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 87.0070 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com))

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