India New Issue-Bajaj Finance to reissue over 2-year bonds, bankers say

Bajaj Finance

28/05/2025 03:39

MUMBAI, May 28 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($351.7 million), including a greenshoe option of 25 billion rupees, through the reissue of 7.2337% June 2027 bonds, three bankers said on Wednesday.

The non-banking financial company has invited bids from bankers and investors on Thursday, they said.

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

  Here is the list of deals reported so far on May 28:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Finance June 2027 reissue
2 year and 1 month
To be decided
5+25
May 28
AAA (Crisil)
Tata Capital Feb 2028 reissue
2 year and 8 months
To be decided
1+3.50
May 28
AAA (Icra, Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.3020 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)

 ((Dharamraj.dhutia@tr.com))