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BAJFINANCE Bajaj Finance News Story

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India New Issue-Bajaj Finance to reissue September 2030 bonds, bankers say

MUMBAI, Nov 10 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($341.32 million), including a greenshoe option of 20 billion rupees, through reissue of 7.37% September 2030 bonds, three bankers said on Monday.

The company will offer a yield of 7.25% on this issue and has invited bids on Tuesday, they said.

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

 Here is the list of deals reported so far on November 10:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance
Sept 2030 reissue
4 years and 11 months7.25 (yield)10+20November 11AAA (Crisil, Icra)
* Size includes base plus greenshoe for some issues ($1 = 88.67 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips) ((Dharamraj.dhutia@tr.com))

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