India New Issue-Bajaj Housing Finance accepts bids for 2031 bond reissue, bankers say
India New Issue-Bajaj Housing Finance accepts bids for 2031 bond reissue, bankers say MUMBAI, June 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids up to 20 billion rupees ($210.3 million) for the reissue of 8.25% May 2031 bonds, three bankers said on Friday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 12 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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