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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, April 15 (Reuters) -  India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($321.14 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

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

 Here is the list of deals reported so far on April 15:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance3 yearsTo be decided5+25April 16AAA(Crisil)
Muthoot Finance3 years and 2 months8.4520+10April 16AA+ (Crisil,Icra)
*Size includes base plus greenshoe for some issues ($1 = 93.4170 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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