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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to issue 5-year bonds, bankers say

MUMBAI, Sept 26 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($225.3 million) through the sale of bonds maturing in five years, three bankers said on Friday.

It has invited coupon and commitment bids for the issue later in the day, they said.

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

Here is the list of deals reported so far on September 26:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance5 yearsTo be decided5+15September 26AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 88.7560 Indian rupees) (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy) ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))

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