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, Sept 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion rupees ($211.67 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 8.07% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.07 (yield) | 20 | September 7 | AAA (Crisil, India Ratings) |
Kotak Mahindra Prime | 5 years and 2 months | 8.1470 | 7 | September 7 | AAA (Crisil) |
REC | 1 year and 8 months | 7.30 | 5 | September 7 | AAA (Care, Crisil, Icra) |
Aditya Birla Capital | 4 years and 11 months | 7.98 | 2.5+7.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 4 years and 10 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 2 years and 8 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 3 years | 8.10 | 5+1.5 | September 8 | AAA (Crisil, Icra) |
HDB Financial Aug 2029 reissue | 2 years and 11 months | To be decided | 10+10 | September 8 | AAA (Care, Crisil) |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.4850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
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