India New Issue-Bajaj Housing Finance to reissue near 10-year bonds, bankers say
India New Issue-Bajaj Housing Finance to reissue near 10-year bonds, bankers say MUMBAI, Oct 5 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($259.69 million), including a greenshoe option of 20 billion rupees, through the reissue of 7.87% August 2036 bonds, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance August 2036 reissue | 9 years and 10 months | To be decided | 5+20 | October 6 | AA+(Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Sonia Cheema)
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