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BAJAJHFL Bajaj Housing Finance News Story

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

MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($58.19 million) for the reissue of 7.02% May 2028 bonds, two merchant bankers said on Wednesday.

The company will offer a yield of 7.01% on this issue and had invited bids from bankers and investors earlier in the day.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on June 4:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing May 2028 reissue3 years7.01 (yield)5June 4AAA (Crisil)
HUDCO3 years6.527.50June 4AAA (Icra, India Ratings)
*Size includes base plus greenshoe for some issues ($1 = 85.9200 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Eileen Soreng) ((Dharamraj.dhutia@tr.com))

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