India New Issue-Bajaj Housing Finance to reissue 2031 bonds, bankers say
India New Issue-Bajaj Housing Finance to reissue 2031 bonds, bankers say MUMBAI, June 10 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.94 million), including a greenshoe option of 15 billion rupees, through the reissue of 8.25% May 2031 bonds, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% May reissue | 5 years | To be decided | 5+15 | June 11 | AAA (Crisil) |
Muthoot Finance | 5 years | 8.65 | 12.50+15 | June 11 | AA+ (Crisil, Icra) |
NABARD July 2029 reissue | 3 years and 1 month | 7.34 (yield) | 67.80 | June 10 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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