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BAJAJHFL Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing Finance accepts bids for 5-year reissue, bankers say

MUMBAI, May 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 9.55 billion rupees ($99.97 million) for the reissue of May 2031 bonds, three bankers said on Tuesday.

It will offer a yield of 7.90% and had invited commitment bids for the issue on Monday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on May 12:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Finance May 2031 reissue5 years7.90 (yield)9.55May 11AAA (Crisil)
M&M Financial1 year and 9 months7.908.55May 11AAA (Crisil)
Aditya Birla Capital May 2031 reissue5 yearsTo be decided2.5+4.5May 13AAA (Crisil)
Aditya Birla Capital Feb 2029 reissue2 years and 10 monthsTo be decided2.5+2.5May 13AAA (Crisil)
Bajaj Finance April 2029 reissue2 years and 11 months7.9510.70May 11AAA (Crisil)
Bajaj Finance5 years818.22May 11AAA (Crisil)
* Size includes base plus greenshoe for some issues ($1 = 95.5325 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair) ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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