India New Issue-Bajaj Housing Finance accepts bids for Aug 2031 bond reissue, bankers say
India New Issue-Bajaj Housing Finance accepts bids for Aug 2031 bond reissue, bankers say MUMBAI, Sept 24 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 8.15 billion rupees ($84.94 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Thursday.
The company will offer a yield of 8.20% and had invited bids for the issue earlier in the day, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 8.15 | September 24 | AAA (Crisil, India Ratings) |
RJ Corp | 3 years | 8.10 | 3.75 | September 23 | AAA (Crisil) |
RJ Corp | 3 years | 8.20 | 6.35 | September 23 | AAA (Crisil) |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9525 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
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