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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to issue 2-year bonds, bankers say

MUMBAI, Feb 10 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 10 billion rupees ($110.24 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in two years, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Wednesday, 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 10:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance2 yearsTo be decided5+5February 11AAA(Crisil)
NaBFID10 yearsTo be decided10+30February 11AAA (Crisil, Icra)
HUDCOPerpetualTo be decided5+10February 11AAA (Care, Acuite)
* Size includes base plus greenshoe for some issues ($1 = 90.7140 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng) ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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