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India New Issue-Bajaj Housing Finance to reissue 2031 bonds, bankers say

India New Issue-Bajaj Housing Finance to reissue 2031 bonds, bankers say 

- 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)

((Dharamraj.dhutia@tr.com))

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