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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, Sept 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($113.27 million)including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years and one month, three merchant bankers said on Friday.

The company has invited bids from bankers and investors later in the day, 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 September 12:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Finance3 years and 1 monthTo be decided5+5September 12AAA(Crisil)
Tata Capital Jul 2028 reissue2 year and 10 monthsTo be decided3+4September 12AAA (Icra, Crisil)
Tata Capital
Apr 2030 reissue
4 year and 7 months7.30 (yield)1+4September 12AAA (Icra, Crisil)
*Size includes base plus greenshoe for some issues ($1 = 88.2810 Indian rupees) (Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Sumana Nandy) ((Dharamraj.dhutia@tr.com and Khushi.malhitra@tr.com))

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