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

Bajaj Housing Finance

25/09/2024 12:48

MUMBAI, Sept 25 (Reuters) - India's Bajaj Housing Finance  BAJO.NS  plans to raise 5
billion rupees ($59.83 million) through the sale of bonds maturing in 10 years, three bankers
said on Wednesday.
    The company will pay an annual coupon of 7.56% and has invited bids from bankers and
investors on Friday, they said. 
    
 
   Here is the list of deals reported so far on Sept. 25: 
             Issuer                                                             
                       Tenure       Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Bajaj Housing         10 years     7.56           5               Sept. 27     AAA (Crisil)
 Finance                                                                        
             Aditya    2 years and  To be decided  3               Sept. 26     AAA (Icra,
 Birla Finance         8 months                                                 India Ratings)
 May 2027 reissue                                                               
                                                                                
 Aditya Birla Finance  2 years      To be decided  3               Sept. 26     AAA (Icra,
 Sept 2026 reissue                                                              India Ratings)
             Bank of   10 years     7.49           25              Sept. 25     AA+ (India
 India                                                                          Ratings)
                                                                                
             Embassy       3 years  To be decided               9  Sept. 25     AAA (Crisil)
 Office Parks REIT                                                              
                                                                                
 
   * Size includes base plus greenshoe for some issues



($1 = 83.5750 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))