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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

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

- India's Bajaj Housing Finance BAJO.NS accepts bids worth 7.50 billion rupees ($78.7 million) for the reissue of 7.53% September 2029 bonds, three bankers said on Friday.

The company will offer a yield of 7.63% 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 August 7:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Bajaj Housing
Sep 2029 reissue

3 year and 2 months

7.63 (yield)

7.50

August 7

AAA (Crisil)

Bajaj Finance

3 year and 3 months

7.78

11.15

August 7

AAA (Crisil)

REC

3 year and 20 days

7.28

30

August 7

AAA (Crisil, India Ratings)

REC

15 year and 20 days

7.49

33.46

August 7

AAA (Crisil, India Ratings)

SK Finance

3 years

9.10

5

August 11

AA- (India Ratings)

Lloyds Metals

10 years

9.02

7

August 6

AA (Crisil, India Ratings)


*Size includes base plus greenshoe for some issues





($1 = 95.2725 Indian rupees)


(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

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