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BAJAJHFL Bajaj Housing Finance News Story

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India New Issue-Bajaj Housing to issue 5-year bonds, bankers say

MUMBAI, May 25 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 20 billion rupees ($209.61 million), including a greenshoe option of 15 billion rupees, by selling bonds maturing in five years, three bankers said on Monday.

The company has invited coupon and commitment bids from investors on Tuesday, they said.

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

Here is the list of deals reported so far on May 25:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Financefive yearsTo be decided5+15May 26AAA (Crisil)
Kotak Mahindra Primefive years and 1 month8.285.5+1.5May 26AAA(Crisil, Icra)
*Size includes base plus greenshoe for some issues ($1 = 95.4175 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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