India New Issue-Bajaj Housing Finance reissues 10-year bonds, bankers say
India New Issue-Bajaj Housing Finance reissues 10-year bonds, bankers say MUMBAI, Sept 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS raises 5 billion Indian rupees ($52.15 million) through the reissue of 7.87% August 2036 bonds, three bankers said on Friday.
The company will offer a yield of 8.14% and had invited bids for the issue on Thursday, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 9 year and 11 months | 8.14 (yield) | 5 | September 17 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.8725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
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