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

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

- India's Bajaj Finance BJFN.NS plans to raise up to 35 billion rupees ($367.7 million), including a greenshoe option of 22.5 billion rupees, through the sale of bonds maturing in three years and two months, and five years, three bankers said on Wednesday.

The non-bank lender 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 October 28:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bajaj Finance

3 years and 2 months

To be decided

5+10

October 29

AAA (Crisil)

Bajaj Finance

5 years

To be decided

7.5+12.5

October 29

AAA (Crisil)

Aditya Birla Housing Finance

3 year and 15 days

8.7145

6.75+8.25

October 29

AAA (Crisil)

Aditya Birla Housing Finance

10 years

8.70

3+5

October 29

AAA (Crisil)


*Size includes base plus greenshoe for some issues


($1 = 95.1875 Indian rupees)


(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)

((Khushi.malhotra@tr.com))

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