ReutersReuters

Bajaj Housing Finance to issue 5-year bonds, bankers say

India's Bajaj Housing Finance BAJAJHFL plans to raise 15 billion rupees ($178.43 million), including a greenshoe option of 5 billion rupees, through a sale of bonds maturing in five years, three bankers said on Tuesday.

The non-banking finance company has invited bids from bankers and investors for the issue on Wednesday, they said.

Here is the list of deals reported so far on Oct 15:

Issuer

Bajaj Housing Finance

Tenure

5 years

Coupon (in %)

To be decided

Issue size (in bln rupees)*

10+5

Bidding date

Oct. 16

Rating

AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 84.0670 Indian rupees)

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