India’s Bajaj Housing Finance BAJAJHFL has accepted bids worth 5 billion rupees ($58.19 million) for the reissue of 7.02% May 2028 bonds, two merchant bankers said on Wednesday.
The company will offer a yield of 7.01% on this issue and had invited bids from bankers and investors earlier in the day.
Bajaj Housing Finance did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
|
Issuer |
Tenure |
Coupon (in %) |
Issue size (in bln rupees)* |
Bidding date |
Rating |
|
Bajaj Housing May 2028 reissue |
3 years |
7.01 (yield) |
5 |
June 4 |
AAA (Crisil) |
|
HUDCO |
3 years |
6.52 |
7.50 |
June 4 |
AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9200 Indian rupees)
