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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 14 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 10 billion rupees ($104.3 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.

The non-bank lender has invited coupon and commitment bids for the issue on Friday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on May 14:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Finance3 yearsTo be decided5+5May 15AAA (Crisil)
Tata Capital Housing Finance3 years7.855.75May 13AAA (Crisil, Icra)
*Size includes base plus greenshoe for some issues ($1 = 95.8700 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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