India New Issue-Bajaj Finance to issue multiple tenor bonds, bankers say

Bajaj Finance

20/05/2025 07:32

MUMBAI, May 20 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 110 billion rupees ($1.29 billion, including a greenshoe option of 65 billion rupees, through the sale of bonds maturing in three years and one month and in five years and one month, three bankers said on Tuesday.

The non-banking financial company has invited bids from bankers and investors on Wednesday, they said.

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

  Here is the list of deals reported so far on May 20:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance
3 year and 1 month
To be decided
35+35
May 21
AAA (Crisil)
Bajaj Finance
5 years and 1 month
To be decided
10+30
May 21
AAA (Crisil)
Muthoot Finance
3 year and 3 months
To be decided
10+10
May 21
AA+(Crisil, Icra)
ICICI Home Finance
3 year and 3 months
To be decided
3+3
May 21
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.4425 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))