India New Issue-Bajaj Housing Finance to issue 5-year bonds, bankers say
India New Issue-Bajaj Housing Finance to issue 5-year bonds, bankers say MUMBAI, Aug 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.04 million), including a greenshoe option of 12.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Tuesday.
It has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | To be decided | 7.5+12.5 | August 19 | AAA (Crisil, India Ratings) |
Bajaj Finance Apr 2036 reissue | 9 years and 8 months | 7.97 (yield) | 5 | August 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6750 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Rashmi Aich)
((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))
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