India New Issue-Bajaj Finance accepts bids for September 2028 bonds, bankers say
India New Issue-Bajaj Finance accepts bids for September 2028 bonds, bankers say MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.80% and had invited commitment bids for the issue earlier 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 June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance September Reissue | 2 years and 3 months | 7.80 (yield) | 13.90 | June 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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