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

Bajaj Housing Finance

18/12/2024 04:07

MUMBAI, Dec 18 (Reuters) - India's Bajaj Housing Finance  BAJO.NS  plans to raise 10 billion Indian rupees ($117.8 million), including a greenshoe option of five billion rupees, through a sale of bonds maturing in three years and three months, two merchant bankers said on Wednesday.
    The company has invited bids from bankers and investors for the issue on Thursday, the bankers said.
    The company did not immediately reply to a Reuters email seeking comment.
    
    
Here is the list of deals reported so far on Dec. 18: 
                                                       
   Issuer               Coupon    Issue                
            Tenure    (in %)     size (in    Bidding   Rating
                                 bln         date      
                                 rupees)*              
                                                       
 Bajaj       3 years      To be         5+5  Dec. 19   AAA
 Housing       and 3    decided                        (Crisi
 Finance      months                                   l)
     
    *Size includes base plus greenshoe for some issues
     
    ($1 = 84.9200 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)
((Dharamraj.dhutia@tr.com))