Bajaj Finance to issue near 3-year bonds, bankers say
Bajaj Finance is set to raise twenty billion rupees via bond sales, offering bonds that will mature in two years and eleven months. The bonds will carry a coupon rate of seven point nine three percent. Commitment bids will be accepted starting Wed...
By Reuters |
India's Bajaj Finance plans to raise up to 20 billion rupees ($207.82 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 2 years and 11 months, three bankers said on Tuesday.
It will pay a coupon of 7.93% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on July 21: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date Bajaj Finance 2 years and 7.93 10+10 July 22 11 months HDB Financial 3 years 7.75 (yield) 4+6 July 22 AAA Services Reissue of (Crisil 8.2301% July 2029 , Care) bond *Size includes base plus greenshoe for some issues ($1 = 96.2350 Indian rupees)
It will pay a coupon of 7.93% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on July 21: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date Bajaj Finance 2 years and 7.93 10+10 July 22 11 months HDB Financial 3 years 7.75 (yield) 4+6 July 22 AAA Services Reissue of (Crisil 8.2301% July 2029 , Care) bond *Size includes base plus greenshoe for some issues ($1 = 96.2350 Indian rupees)
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