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BAJAJHFL Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing Finance accepts bids on bond reissue

MUMBAI, Feb 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($54.97 million) via the reissue of 7.25% January 2029 bonds, three bankers said on Friday.

The company will offer a yield of 7.27% and had invited commitment 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 February 27:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing
2029 reissue
2 year and 11 months7.27 (yield)5February 27AAA (Crisil)
PFC2 years6.9630February 27AAA (Care, Icra, Crisil)
PFC10 years7.3130February 27AAA (Care, Icra, Crisil)
Bank of Baroda7 yearsTo be decided50+50March 4AAA (Icra, Care)
NABARD3 years and 1 month7.1050.55February 27AAA (Icra, Crisil)
*Size includes base plus greenshoe for some issues ($1 = 90.9590 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala) ((Dharamraj.dhutia@tr.com))

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