India New Issue-Bajaj Finance to issue zero-coupon 5-year bonds, bankers say

Bajaj Finance

16/10/2026 08:41

MUMBAI, Oct 16 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 35 billion rupees ($368.35 million), including a greenshoe option of 20 billion rupees, through the sale of zero-coupon bonds maturing in five years, three bankers said on Friday. 
It has invited commitment bids for the issue on Monday, they said. 
Bajaj Finance did not immediately respond to a Reuters email seeking comment. 

 Here is the list of deals reported so far on October 16: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance
5 years
zero coupon
15+20
October 19
AAA (Crisil)
L&T Finance 7.8384% 2029 reissue
3 years
To be decided
15+5
October 19
AAA (Crisil, CareEdge)
NABARD
3 years, 2 months and 23 days
8.13
32.79
October 16
AAA (Icra, India Ratings)

*Size includes base plus greenshoe for some issues



($1 = 95.0175 Indian rupees)

 (Reporting by Khushi Malhotra Dharamraj Dhutia; Editing by Sonia Cheema)
 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))