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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, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.

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

 Here is the list of deals reported so far on May 18:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance10 years (put option after 3 years)To be decided20+10May 19AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 96.3575 Indian rupees) (Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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