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BAJAJHFL Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing Finance to issue 3-year bonds, bankers say

MUMBAI, May 22 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($116.3 million), including a greenshoe option of 5 billion rupees, through by selling bonds maturing in three years, two merchant bankers said on Thursday.

The company will pay has invited bids from bankers and investors on Friday, the bankers said.

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

  Here is the list of deals reported so far on May 22

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Finance3 yearsTo be decided5+5May 23AAA (Crisil)
Shriram Finance April 2028 reissue2 year and 11 months8.1295 (yield)5May 22AA+ (Crisil)
Axis Finance3 years and 3 months7.3710May 22AAA (India Ratings)
Muthoot Finance Aug 2028 reissue3 years and 3 months8.15 (yield)20May 21AA+ (Crisil, Icra)
Aditya Birla Housing Finance3 years7.30649.45May 21AAA (Icra, Crisil)
ICICI Home Finance3 year and 3 months7.196May 21AAA (Crisil)
* Size includes base plus greenshoe for some issues ($1 = 85.9910 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza) ((Dharamraj.dhutia@tr.com))

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