ReutersReuters

Bajaj Housing Finance accepts bids for bond reissue, bankers say

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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)

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