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India New Issue-Bajaj Finance to reissue Nov 2029 bonds, bankers say

India New Issue-Bajaj Finance to reissue Nov 2029 bonds, bankers say

- India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($207.57 million) through the reissue of 7.78% November 2029 bonds, three bankers said on Wednesday.

The company has invited bids from bankers and investors for the issue on Thursday, 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 7:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bajaj Finance
Nov 2029 reissue

3 year and 1 month

To be decided

5+15

October 8

AAA (Crisil)


*Size includes base plus greenshoe for some issues




($1 = 96.3525 Indian rupees)


(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)

((Dharamraj.dhutia@tr.com))

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