India New Issue-Bajaj Housing Finance accepts bids for 5-year bonds, bankers say
India New Issue-Bajaj Housing Finance accepts bids for 5-year bonds, bankers say MUMBAI, Aug 19 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 7.5 billion rupees ($78.32 million)for the sale of bonds maturing in five years, three bankers said on Wednesday.
It will pay a coupon of 7.79% and had invited commitment bids for the issue earlier in the
day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 7.79 | 7.5 | August 19 | AAA (Crisil, India Ratings) |
Tata Capital Housing Finance | 5 years | 7.83 | 10 | August 19 | AAA (Crisil, Icra) |
Cholamandalam Investment and Finance Company 8.64% July 2029 reissue | 2 years and 10 months | To be decided | 3.5+6.5 | August 20 | AA+(Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.7575 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee)
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