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 MUMBAI, Aug 7 (Reuters) - 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 | 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)
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