India New Issue-Bajaj Housing Finance to issue 10-year bonds, bankers say

Bajaj Housing Finance

07/04/2025 11:03

MUMBAI, April 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($174.8 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in 10 years, two merchant bankers said on Monday.

The company has invited bids from bankers and investors on Tuesday, the bankers said.

Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on April 7:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Housing Finance
10 years
To be decided
5+10
April 8
AAA (Crisil)
Bajaj Finance April 2035 reissue
10 years
7.55
12.50+27.50
April 8
AAA (Crisil)
NaBFID
10 years
7.04
42.40
April 7
AAA (Crisil, Icra)
NaBFID
5 years
7.03
14.69
April 7
AAA (Crisil, Icra)
LIC Housing Feb 2030 reissue
5 years
7.6450
10+10
April 8
AAA (Crisil, Care)
Shriram Finance
3 years
8.70
3.75+15
April 8
AA+ (Crisil)
Shriram Finance
5 years and 3 months
8.69
3.75+15
April 8
AA+ (Crisil)
India Infradebt Sept 2030 reissue
5 years and 5 months
To be decided
2.50+7.50
April 8
AAA (Crisil, Icra)
India Infradebt Dec 2034 reissue
9 years and 8 months
To be decided
1+4
April 8
AAA (Crisil, Icra)
Cholamandalam Investment
7 years
8.75
5+5
April 8
AA+ (Icra, India Ratings)
REC
15 years
To be decided
5+25
April 8
AAA (Crisil, Icra, Care)

* Size includes base plus greenshoe for some issues

($1 = 85.8150 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)

 ((Dharamraj.dhutia@tr.com))