India New Issue-Bajaj Housing Finance to reissue May 2028 bonds, bankers say

Bajaj Housing Finance

03/06/2025 07:28

MUMBAI, June 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($117.03 million), which includes 5 billion rupees of a greenshoe option, through reissue of 7.02% May 2028 bonds, two 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 June 3:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Bajaj Housing May 2028 reissue
3 years
To be decided
5+5
June 4
AAA (Crisil)
HUDCO
3 years
To be decided
5+25
June 4
AAA (Icra, India Ratings)
Vedanta
30 months
9.31
22.50+7.50
June 4
AA-(Crisil)
Vedanta
3 years
9.45
10+7.50
June 4
AA-(Crisil)
Vedanta
2 years
OIS linked
8.50
June 4
AA-(Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.4450 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))