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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to issue 3-year bonds, bankers say

MUMBAI, July 4 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($351.5 million), including 20 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two days, three bankers said on Friday.

The non-banking financial company has invited bids from bankers and investors for the issue on Monday, they said.

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

 Here is the list of deals reported so far on July 4:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance3 years and 2 daysTo be decided10+20July 7AAA(Crisil)
*Size includes base plus greenshoe for some issues ($1 = 85.3390 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar) ((Dharamraj.dhutia@tr.com; Khushi.malhotra@tr.com))

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