India New Issue-Bajaj Housing Finance accepts bids for 10-year bonds, bankers say
09/04/2025 05:22
MUMBAI, April 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 15 billion rupees ($173.2 million) for bonds maturing in 10 years, two merchant bankers said on Wednesday. The company will pay an annual coupon of 7.50% and had invited bids from bankers and investors on Tuesday, the bankers said. Bajaj Housing Finance did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on April 9:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Bajaj Housing Finance | 10 years | 7.50 | 15 | April 8 | AAA (Crisil) |
| LIC Housing Fin Feb 2030 reissue | 4 years and 10 months | 7.20 (yield) | 10 | April 8 | AAA (Crisil, Care) |
| Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
| L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
| L&T Finance March 2030 reissue | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
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