Bajaj Housing Finance to issue 3-year bonds, bankers say
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India's Bajaj Housing Finance BAJAJHFL plans to raise 10 billion rupees ($116.5 million), including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years, three merchant bankers said on Tuesday.
The company will pay a coupon of 6.97% and has invited bids from bankers and investors on Wednesday, the bankers said.
Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Bajaj Housing Finance |
Tenure | 3 years |
Coupon (in %) | 6.97 |
Issue size (in bln rupees)* | 5+5 |
Bidding date | July 16 |
Rating | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.8600 Indian rupees)
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