India New Issue-Bajaj Housing to issue over 3-year bonds, bankers say
India New Issue-Bajaj Housing to issue over 3-year bonds, bankers say MUMBAI, July 3 (Reuters) - India's Bajaj Housing Finance plans to raise up to 15 billion rupees ($157.55 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+10 | July 6 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital Apr 2036 reissue | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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