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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, July 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($116.7 million) for the reissue of 7.08% June 2030 bonds, three merchant bankers said on Wednesday.

The company will offer a yield of 7.16%, and had invited bids from bankers and investors earlier in the day, they said.

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

 Here is the list of deals reported so far on July 9:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Finance June 2030 Reissue5 years7.16% (yield)10July 9AAA (Crisil)
Aditya Birla Capital Aug 2030 reissue3 years and 1 monthTo be decided2+8July 10AAA (Icra, Crisil)
*Size includes base plus greenshoe for some issues ($1 = 85.6780 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com; Khushi.malhotra@tr.com))

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