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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to issue over 3-year bonds, bankers say

MUMBAI, Sept 10 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees, which includes a greenshoe option of 10 billion rupees, through a sale of bonds maturing in three years and three months, three bankers said on Wednesday.

The non-banking financial company has invited bids from bankers and investors later in the day, they said.

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

   Here is the list of deals reported so far on September 10:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance3 years and 3 monthsTo be decided10+10September 10AAA (Crisil)
Manipal Hospitals2 yearsTo be decided53.10September 10AA (India Ratings)
Poonawalla Fincorp3 years7.5810September 9AAA (Crisil)
*Size includes base plus greenshoe for some issues (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee) ((Dharamraj.dhutia@tr.com))

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