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BAJAJHFL — Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing to issue 4-year bonds, bankers say

India New Issue-Bajaj Housing to issue 4-year bonds, bankers say

- 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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