India New Issue-Bajaj Housing to reissue 10-year bonds, bankers say
India New Issue-Bajaj Housing to reissue 10-year bonds, bankers say MUMBAI, Sept 16 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 15 billion rupees ($156.35 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.87% August 2036 bonds, three bankers said on Wednesday.
It has invited coupon and commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 2036 reissue | 9 years, 10 months and 17 days | To be decided | 5+10 | September 17 | AAA(Crisil, India Ratings) |
Reliance Industries | 5 years | 7.47 | 125 | September 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9400 Indian rupees)
(Reporting by Khushi Malhotra)
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