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

Bajaj Housing Finance

30/09/2024 07:57

MUMBAI, Sept 30 (Reuters) - India's Bajaj Housing Finance  BAJO.NS  plans to raise up to
15 billion rupees ($179.04 million), including a greenshoe option of 10 billion rupees, through
a sale of bonds maturing in 10 years, three bankers said on Monday.
    The non-banking finance company has invited bids for the issue on Tuesday, they said.
 
  Here is the list of deals reported so far on Sept. 30: 
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 Bajaj Housing  10 years      To be decided  5+10            Oct 1        AAA (Crisil)
 Finance                                                                  
                10 years      To be decided  5+25            Oct 1        AAA (Crisil)
 Bajaj Finance                                                            
                                                                          
                 3 years and  To be decided           19.50  Sep 30       A+ (Crisil,
 Adani Airport     11 months                                              India Ratings)
 Holdings                                                                 
                                                                          
 
*Size includes base plus greenshoe for some issues

($1 = 83.7825 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia)
 ((Bhakti.Tambe@thomsonreuters.com))