India New Issue-Bajaj Housing Finance to issue near 2-year bonds, bankers say

Bajaj Housing Finance

29/04/2025 10:26

MUMBAI, April 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($176 million), including a greenshoe option of 10 billion rupees, selling bonds maturing in one year and 10 months, two merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, 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 April 29:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Housing Finance
1 year and 10 months
To be decided
5+10
April 30
AAA (Crisil)
Nexus Select Trust
7 years
7.19%
5.5
April 29
AAA (Icra)
PFC
15 years
To be decided
5+20
April 30
AAA (Crisil, Care, Icra)
Muthoot Finance
5 years
8.20
5+5
April 29
AA+(Crisil, Icra)
IndiGrid Infra Trust
8 years and 11 months
6.40 (quarterly)
4.60
April 28
AAA (Crisil)
LIC Housing Finance
5 years
7.07
12.10
April 28
AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 85.2175 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))