Bajaj Housing Finance accepts bids for bond reissue, bankers say
India's Bajaj Housing Finance BAJAJHFL accepted bids worth 10 billion rupees ($116.7 million) for the reissue of 7.08% June 2030 bonds, three merchant bankers said on Wednesday.
The company will offer a yield of 7.16%, and had invited bids from bankers and investors earlier in the day, they said.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance June 2030 Reissue | 5 years | 7.16% (yield) | 10 | July 9 | AAA (Crisil) |
Aditya Birla Capital Aug 2030 reissue | 3 years and 1 month | To be decided | 2+8 | July 10 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6780 Indian rupees)