India New Issue-Bajaj Housing Finance accepts bids for bond issue, bankers say
India New Issue-Bajaj Housing Finance accepts bids for bond issue, bankers say MUMBAI, May 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion Indian rupees ($209.03 million) for bonds maturing in five years, three bankers said on Tuesday.
It will pay an annual coupon of 8.25% 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 May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 8.25 | 20 | May 26 | AAA (Crisil) |
NHPC STRPP | 6 to 15 years | 7.67 | 20 | May 26 | AAA (Care, India Ratings) |
360 One Prime | 2 years and 2 months | To be decided | 11.50+3.5 | May 27 | AA (Icra) |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
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