India New Issue-Bajaj Housing Finance accepts bids for 4-year bonds, bankers say
India New Issue-Bajaj Housing Finance accepts bids for 4-year bonds, bankers say MUMBAI, July 1 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 25 billion rupees ($263.63 million) in a sale of bonds maturing in four years, three bankers said on Wednesday.
It will pay a coupon of 7.64%, and had invited commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | 7.64 | 25 | June 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.8300 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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