India New Issue-Bajaj Housing Finance accepts bids for 3-year bonds, bankers say

Bajaj Housing Finance

23/05/2025 12:15

MUMBAI, May 23 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 8.35 billion rupees ($97.92 million) for bonds maturing in three years, two merchant bankers said on Friday.

The company will pay an annual coupon of 7.02% and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on May 23:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Housing Finance
3 years
7.02
8.35
May 23
AAA (Crisil)
L&T Finance
2 year and 1 month
7.21
5+2.50
May 26
AAA (India Ratings, Icra)
L&T Finance 
June 2028 reissue
3 year and 1 month
To be decided
5+2.50
May 26
AAA (India Ratings, Icra)
Aditya Birla Capital
2 years and 9 months
7.38
5+7.50
May 23
AAA(Crisil)
Aditya Birla Capital
4 years and 6 months
7.47
2+6
May 23
AAA(Crisil)
Aditya Birla Capital 
Dec 2027 reissue
2 years and 7 months
To be decided
2+5.50
May 23
AAA (Crisil)
Aditya Birla Capital
Feb 2030 reissue
4 years and 9 months
To be decided
2+5
May 23
AAA (Crisil)
HDB Financial Services
3 years
To be decided
15
May 23
AAA (Crisil, Care)
HDB Financial Services
5 years
To be decided
1
May 23
AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 85.2700 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar)

 ((Dharamraj.dhutia@tr.com))