India New Issue-Bajaj Housing Finance to reissue 3-year bonds, bankers say
India New Issue-Bajaj Housing Finance to reissue 3-year bonds, bankers say MUMBAI, Aug 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($210.14 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.53% September 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, 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 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance September 2029 Reissue | 3 years and 1 month | To be decided | 5+15 | August 7 | AAA (Crisil) |
TVS Motor Company | 3 years and 3 months | 7.28 | 10 | August 7 | AAA(Care) |
Bajaj Finance | 3 years and 3 months | To be decided | 5+15 | August 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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