India New Issue-Bajaj Housing Finance accepts bids for multiple tenor bonds, bankers say

Bajaj Housing Finance

11/06/2025 08:22

MUMBAI, June 11 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 35 billion rupees ($409.4 million) for two-year and two-month bonds and five-year bonds, two merchant bankers said on Wednesday.

The company will pay an annual coupon of 6.90% and 7.08% on these issues 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 June 11:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Housing Finance
2 years and 2 months
6.90
10
June 11
AAA (Crisil)
Bajaj Housing Finance
5 years
7.08
25
June 11
AAA (Crisil)
Poonawalla Fincorp
3 years and 3 months
7.58%
5
June 11
AAA (Crisil)
NTPC
10 years
To be decided
7+33
June 13
AAA (Crisil, Icra, Care)
Muthoot Finance May 2028 reissue
3 years
8.10 (yield)
8.60
June 10
AA+ (Crisil, Icra)
Muthoot Finance
April 2030 reissue
4 years and 11 months
8.20 (yield)
1.75
June 10
AA+ (Crisil, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.5000 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

 ((Dharamraj.dhutia@tr.com))