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India New Issue-India's Bajaj Housing Finance accepts bids for bond reissue, bankers say

MUMBAI, Feb 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($110.28 million) for the reissue of 7.10% October 2028 bonds, three bankers said on Wednesday.

It will offer a yield of 7.29% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on February 18:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Bajaj Housing Finance 2028 bond reissue2 years and 8 months7.29 (yield)10February 18AAA (Crisil)
REC2 years6.9528.35February 18AAA (Icra, Crisil, Care)
NaBFID3 year and 1 monthTo be decided10+40February 20AAA (Crisil, Icra, India Ratings)
Shriram Pistons18 months7.30 (quarterly)5February 20AA+ (India Ratings)
Shriram Pistons2 years7.35 (quarterly)5February 20AA+ (India Ratings)
*Size includes base plus greenshoe for some issues ($1 = 90.6770 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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