India New Issue-Bajaj Housing Finance accepts bids for bond issue, bankers say

Bajaj Housing Finance

19/12/2024 07:45

MUMBAI, Dec 19 (Reuters) - India's Bajaj Housing Finance  BAJO.NS  has accepted bids
worth 5 billion rupees ($58.8 million) for bonds maturing in three years and three months, two
merchant bankers said on Thursday.
    The company will pay a coupon of 7.66% on this issue and had invited bids from bankers and
investors for the issue earlier in the day, the bankers said.
    Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.
    
 
   Here is the list of deals reported so far on Dec. 19: 
             Issuer                                                        
                      Tenure           Coupon   Issue size (in             Rating
                                     (in %)     bln rupees)*     Bidding   
                                                                 date      
                                                                           
                                                                           
 Bajaj Housing        3 years and 3  7.66       5                Dec. 19   AAA (Crisil)
 Finance              months                                               
             Shriram  3 years and 1  8.90       1+4              Dec. 20   AA+ (Crisil)
 Finance              month                                                
                                                                           
             Tata     2 year and 10  To be      5+5              Dec. 20   AAA (Crisil,
 Capital              months         decided                               Icra)
 Oct 2027 reissue                                                          
                                                                           
 Tata Capital         9 year and 7   To be      1+4              Dec. 20   AAA (Crisil,
 Jul 2034 reissue     months         decided                               Icra)
             PFC      5 years and    To be      5+25             Dec. 20   AAA (Crisil,
                      23 days        decided                               Care, Icra)
 PFC                  15 years and   To be      5+25             Dec. 20   AAA (Crisil,
                      24 days        decided                               Care, Icra)
             SIDBI    4 years and 5  To be      10+30            Dec. 20   AAA (Crisil,
                      months         decided                               Care)
             Punjab   15 years       To be      10+20            Dec. 20   AAA (Crisil,
 National Bank                       decided                               India Ratings)
                                                                           
             India         10 years      To be        2.50+2.50  Dec. 20   AAA (Crisil)
 Infradebt                             decided                             
                                                                           
     
    *Size includes base plus greenshoe for some issues




($1 = 85.0290 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))