India New Issue-Bajaj Housing Finance to reissue August 2031 bonds, bankers say
India New Issue-Bajaj Housing Finance to reissue August 2031 bonds, bankers say MUMBAI, Sept 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 20 billion rupees ($211.81 million), which includes a greenshoe option of 15 billion rupees through the reissue of 7.79% August 2021 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 8.10% and has invited commitment bids for the issue later in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 5 years | 8.10 (yield) | 5+15 | September 7 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4250 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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