India New Issue-Bajaj Housing Finance accepts bids for August 2036 bond reissue, bankers say
India New Issue-Bajaj Housing Finance accepts bids for August 2036 bond reissue, bankers say MUMBAI, Oct 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 25 billion rupees ($259.3 million) for the reissue of 7.87% August 2036 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 8.45% to the investors, and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 9 year and 10 months | 8.45 (yield) | 25 | October 6 | AAA (Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.4200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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