India New Issue-Bajaj Housing to issue 4-year bonds, bankers say
India New Issue-Bajaj Housing to issue 4-year bonds, bankers say MUMBAI, June 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($264.91 million), including a greenshoe option of 20 billion rupees, by selling bonds maturing in four years, 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 June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | To be decided | 5+20 | June 30 | AAA (Crisil) |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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