India New Issue-Bajaj Finance to issue multiple-tenor bonds, bankers say
India New Issue-Bajaj Finance to issue multiple-tenor bonds, bankers say MUMBAI, Oct 28 (Reuters) - 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)
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