India New Issue-Bajaj Housing Finance accepts bids for 10-year bonds, bankers say

Bajaj Housing Finance

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)

*Size includes base plus greenshoe for some issues

($1 = 86.6120 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))