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BAJAJHFL Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing Finance to reissue June 2030 bonds, bankers say

MUMBAI, July 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($175.1 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.08% June 2030 bonds, three merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

   Here is the list of deals reported so far on July 8:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing June 2028 Reissue5 yearsTo be decided5+10July 9AAA (Crisil)
SMFG India Credit3 years7.302+6July 9AAA (India Ratings)
*Size includes base plus greenshoe for some issues ($1 = 85.6650 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy) ((Dharamraj.dhutia@tr.com))

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