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    BAJFINANCE — Bajaj Finance News Story

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    India New Issue-Bajaj Finance to issue staggered redemption bonds, bankers say

    Picture of Bajaj Finance logoBajaj Finance
    23/01/2026 05:22
    MUMBAI, Jan 23 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 55 billion rupees ($600.47 million), including a greenshoe option of 45 billion rupees, through the sale of staggered redemption bonds maturing in eight to 10 years, three bankers said on Friday.

It has invited coupon and commitment bids for the issue later in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on January 23:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Bajaj Finance8 to 10 yearsTo be decided10+45January 23AAA (Crisil)
    Cholamandalam Investment and Finance Company2 years and 5 months7.8310+10January 27AA+ (Icra)
    

*Size includes base plus greenshoe for some issues

($1 = 91.5950 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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