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India New Issue-Bajaj Finance to issue over 3-year bonds to raise 15 billion rupees, bankers say

MUMBAI, July 29 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 15 billion Indian rupees ($172.91 million), including 10 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two months, three bankers said on Monday.

The non-banking financial company has invited bids from bankers and investors for the issue 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 July 29:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance3 years and 2 monthsTo be decided5+10July 29AAA(Crisil)
*Size includes base plus greenshoe for some issues ($1 = 86.7500 Indian rupees) (Reporting by Dharamraj Dhutia) ((Dharamraj.dhutia@tr.com))

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