Bajaj Finserv
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MUMBAI, Oct 7 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($207.57 million) through the reissue of 7.78% November 2029 bonds, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 year and 1 month | To be decided | 5+15 | October 8 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3525 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
MUMBAI, Oct 7 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($207.57 million) through the reissue of 7.78% November 2029 bonds, three bankers said on Wednesday.
The company has invited bids from bankers and investors for the issue on Thursday, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 year and 1 month | To be decided | 5+15 | October 8 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3525 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
MUMBAI, Oct 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 25 billion rupees ($259.3 million) for the reissue of 7.87% August 2036 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 8.45% to the investors, and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 9 year and 10 months | 8.45 (yield) | 25 | October 6 | AAA (Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.4200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Oct 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 25 billion rupees ($259.3 million) for the reissue of 7.87% August 2036 bonds, three bankers said on Tuesday.
The housing finance company will offer a yield of 8.45% to the investors, and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 9 year and 10 months | 8.45 (yield) | 25 | October 6 | AAA (Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.4200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Oct 5 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($259.69 million), including a greenshoe option of 20 billion rupees, through the reissue of 7.87% August 2036 bonds, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance August 2036 reissue | 9 years and 10 months | To be decided | 5+20 | October 6 | AA+(Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Oct 5 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($259.69 million), including a greenshoe option of 20 billion rupees, through the reissue of 7.87% August 2036 bonds, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance August 2036 reissue | 9 years and 10 months | To be decided | 5+20 | October 6 | AA+(Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Sept 24 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 8.15 billion rupees ($84.94 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Thursday.
The company will offer a yield of 8.20% and had invited bids for the issue earlier in the day, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 8.15 | September 24 | AAA (Crisil, India Ratings) |
RJ Corp | 3 years | 8.10 | 3.75 | September 23 | AAA (Crisil) |
RJ Corp | 3 years | 8.20 | 6.35 | September 23 | AAA (Crisil) |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9525 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, Sept 24 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 8.15 billion rupees ($84.94 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Thursday.
The company will offer a yield of 8.20% and had invited bids for the issue earlier in the day, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 8.15 | September 24 | AAA (Crisil, India Ratings) |
RJ Corp | 3 years | 8.10 | 3.75 | September 23 | AAA (Crisil) |
RJ Corp | 3 years | 8.20 | 6.35 | September 23 | AAA (Crisil) |
Embassy Office Parks REIT | 3 years | floating | 10 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.9525 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, Sept 23 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($156.70 million) through the reissue of 7.79% August 2031 bonds, three bankers said on Wednesday.
The company has invited bids for the issue on Thursday, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 4 year and 11 months | 5+10 | September 24 | AAA (Crisil, India Ratings) | |
Clean Max Enviro | 2 years | 8.25 | 2 | September 24 | AA (Crisil) |
Clean Max Enviro | 3 years | 8.4850 | 4 | September 24 | AA (Crisil) |
Clean Max Enviro | 5 years | 8.7650 | 8.07 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 6.15 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 4.78 | September 24 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.7225 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Priyanka G)
MUMBAI, Sept 23 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($156.70 million) through the reissue of 7.79% August 2031 bonds, three bankers said on Wednesday.
The company has invited bids for the issue on Thursday, they said.
Bajaj Housing Finance did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 4 year and 11 months | 5+10 | September 24 | AAA (Crisil, India Ratings) | |
Clean Max Enviro | 2 years | 8.25 | 2 | September 24 | AA (Crisil) |
Clean Max Enviro | 3 years | 8.4850 | 4 | September 24 | AA (Crisil) |
Clean Max Enviro | 5 years | 8.7650 | 8.07 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 6.15 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 4.78 | September 24 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.7225 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Priyanka G)
MUMBAI, Sept 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion rupees ($211.67 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 8.07% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.07 (yield) | 20 | September 7 | AAA (Crisil, India Ratings) |
Kotak Mahindra Prime | 5 years and 2 months | 8.1470 | 7 | September 7 | AAA (Crisil) |
REC | 1 year and 8 months | 7.30 | 5 | September 7 | AAA (Care, Crisil, Icra) |
Aditya Birla Capital | 4 years and 11 months | 7.98 | 2.5+7.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 4 years and 10 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 2 years and 8 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 3 years | 8.10 | 5+1.5 | September 8 | AAA (Crisil, Icra) |
HDB Financial Aug 2029 reissue | 2 years and 11 months | To be decided | 10+10 | September 8 | AAA (Care, Crisil) |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.4850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, Sept 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion rupees ($211.67 million) for the reissue of 7.79% August 2031 bonds, three bankers said on Monday.
The housing finance company will offer a yield of 8.07% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | 8.07 (yield) | 20 | September 7 | AAA (Crisil, India Ratings) |
Kotak Mahindra Prime | 5 years and 2 months | 8.1470 | 7 | September 7 | AAA (Crisil) |
REC | 1 year and 8 months | 7.30 | 5 | September 7 | AAA (Care, Crisil, Icra) |
Aditya Birla Capital | 4 years and 11 months | 7.98 | 2.5+7.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 4 years and 10 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 2 years and 8 months | zero coupon | 2+5.5 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital | 3 years | 8.10 | 5+1.5 | September 8 | AAA (Crisil, Icra) |
HDB Financial Aug 2029 reissue | 2 years and 11 months | To be decided | 10+10 | September 8 | AAA (Care, Crisil) |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.4850 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, Aug 25 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 50 billion rupees ($524.04 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The non-banking financial company will pay an annual coupon of 8.15% to the investors of this issue, and had bids earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.15 | 50 | August 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.4125 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Maju Samuel)
MUMBAI, Aug 25 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 50 billion rupees ($524.04 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The non-banking financial company will pay an annual coupon of 8.15% to the investors of this issue, and had bids earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.15 | 50 | August 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.4125 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Maju Samuel)
MUMBAI, Aug 24 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 60 billion rupees ($627.02 million) through sale of bonds maturing in 10 years, three bankers said on Monday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | To be decided | 20+40 | August 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6900 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
MUMBAI, Aug 24 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 60 billion rupees ($627.02 million) through sale of bonds maturing in 10 years, three bankers said on Monday.
The non-banking finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | To be decided | 20+40 | August 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6900 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
MUMBAI, Aug 19 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 7.5 billion rupees ($78.32 million)for the sale of bonds maturing in five years, three bankers said on Wednesday.
It will pay a coupon of 7.79% and had invited commitment bids for the issue earlier in the
day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 7.79 | 7.5 | August 19 | AAA (Crisil, India Ratings) |
Tata Capital Housing Finance | 5 years | 7.83 | 10 | August 19 | AAA (Crisil, Icra) |
Cholamandalam Investment and Finance Company 8.64% July 2029 reissue | 2 years and 10 months | To be decided | 3.5+6.5 | August 20 | AA+(Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.7575 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 19 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 7.5 billion rupees ($78.32 million)for the sale of bonds maturing in five years, three bankers said on Wednesday.
It will pay a coupon of 7.79% and had invited commitment bids for the issue earlier in the
day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 7.79 | 7.5 | August 19 | AAA (Crisil, India Ratings) |
Tata Capital Housing Finance | 5 years | 7.83 | 10 | August 19 | AAA (Crisil, Icra) |
Cholamandalam Investment and Finance Company 8.64% July 2029 reissue | 2 years and 10 months | To be decided | 3.5+6.5 | August 20 | AA+(Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.7575 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.04 million), including a greenshoe option of 12.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Tuesday.
It has invited coupon and 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 August 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | To be decided | 7.5+12.5 | August 19 | AAA (Crisil, India Ratings) |
Bajaj Finance Apr 2036 reissue | 9 years and 8 months | 7.97 (yield) | 5 | August 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6750 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Aug 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($209.04 million), including a greenshoe option of 12.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Tuesday.
It has invited coupon and 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 August 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | To be decided | 7.5+12.5 | August 19 | AAA (Crisil, India Ratings) |
Bajaj Finance Apr 2036 reissue | 9 years and 8 months | 7.97 (yield) | 5 | August 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.6750 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Aug 14 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($209.68 million), through the reissue of 7.79% April 2036 bonds, three bankers said on Friday.
The non-banking finance company has invited bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 9 years and 8 months | To be decided | 5+15 | August 17 | AAA (Crisil |
*Size includes base plus greenshoe for some issues
($1 = 95.3825 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
MUMBAI, Aug 14 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($209.68 million), through the reissue of 7.79% April 2036 bonds, three bankers said on Friday.
The non-banking finance company has invited bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 9 years and 8 months | To be decided | 5+15 | August 17 | AAA (Crisil |
*Size includes base plus greenshoe for some issues
($1 = 95.3825 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
MUMBAI, Aug 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 7.50 billion rupees ($78.7 million) for the reissue of 7.53% September 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.63% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 year and 2 months | 7.63 (yield) | 7.50 | August 7 | AAA (Crisil) |
Bajaj Finance | 3 year and 3 months | 7.78 | 11.15 | August 7 | AAA (Crisil) |
REC | 3 year and 20 days | 7.28 | 30 | August 7 | AAA (Crisil, India Ratings) |
REC | 15 year and 20 days | 7.49 | 33.46 | August 7 | AAA (Crisil, India Ratings) |
SK Finance | 3 years | 9.10 | 5 | August 11 | AA- (India Ratings) |
Lloyds Metals | 10 years | 9.02 | 7 | August 6 | AA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Aug 7 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 7.50 billion rupees ($78.7 million) for the reissue of 7.53% September 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.63% and had invited bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 year and 2 months | 7.63 (yield) | 7.50 | August 7 | AAA (Crisil) |
Bajaj Finance | 3 year and 3 months | 7.78 | 11.15 | August 7 | AAA (Crisil) |
REC | 3 year and 20 days | 7.28 | 30 | August 7 | AAA (Crisil, India Ratings) |
REC | 15 year and 20 days | 7.49 | 33.46 | August 7 | AAA (Crisil, India Ratings) |
SK Finance | 3 years | 9.10 | 5 | August 11 | AA- (India Ratings) |
Lloyds Metals | 10 years | 9.02 | 7 | August 6 | AA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2725 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Aug 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($210.14 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.53% September 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance September 2029 Reissue | 3 years and 1 month | To be decided | 5+15 | August 7 | AAA (Crisil) |
TVS Motor Company | 3 years and 3 months | 7.28 | 10 | August 7 | AAA(Care) |
Bajaj Finance | 3 years and 3 months | To be decided | 5+15 | August 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 20 billion rupees ($210.14 million), including a greenshoe option of 15 billion rupees, through the reissue of 7.53% September 2029 bonds, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance September 2029 Reissue | 3 years and 1 month | To be decided | 5+15 | August 7 | AAA (Crisil) |
TVS Motor Company | 3 years and 3 months | 7.28 | 10 | August 7 | AAA(Care) |
Bajaj Finance | 3 years and 3 months | To be decided | 5+15 | August 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 18.85 billion rupees ($197.87 million) for bonds maturing in 10 years, three bankers said on Monday.
The housing finance company will pay an annual coupon of 7.87% on this issue and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 10 years | 7.87 | 18.85 | August 3 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 18.85 billion rupees ($197.87 million) for bonds maturing in 10 years, three bankers said on Monday.
The housing finance company will pay an annual coupon of 7.87% on this issue and had invited bids earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 10 years | 7.87 | 18.85 | August 3 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 95.2650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
July 31 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped to an all-time high on Friday, rising about 7% to 1,127 rupees, as the non-bank lender's first-quarter beat estimates across metrics.
At least five brokerages raised their target prices after the company reported results on Thursday.
(Reporting by Abhirami G in Bengaluru; Editing by Sherry Jacob-Phillips)
July 31 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped to an all-time high on Friday, rising about 7% to 1,127 rupees, as the non-bank lender's first-quarter beat estimates across metrics.
At least five brokerages raised their target prices after the company reported results on Thursday.
(Reporting by Abhirami G in Bengaluru; Editing by Sherry Jacob-Phillips)
Rewrites paragraph 1, adds credit cost in paragraph 7,8
BENGALURU, July 30 (Reuters) - India's Bajaj Finance BJFN.NS posted a bigger-than-expected first-quarter profit on Thursday, helped by strong loan growth and improving asset quality.
The non-banking financial company reported a 28% year-on-year rise in consolidated profit after tax to 60.81 billion rupees for the quarter ended June 30, compared with analysts' expectation of a profit of 58.56 billion rupees, per data compiled by LSEG.
The lender benefited from robust retail credit demand, with assets under management in newer segments such as gold loans and tractor financing doubling from a year earlier.
Overall assets under management grew 24% from a year earlier, the fastest pace in three quarters.
Bajaj Finance's net interest income -- the difference between interest earned on credit and paid on borrowings -- rose 23% to 125.71 billion rupees.
The lender also continued to adopt a more cautious lending approach in segments like micro, small, and medium-sized enterprises (MSMEs) after grappling with higher delinquencies there.
As a result, its credit cost, a measure of provisions set aside for potential loan losses, improved to 1.54% in the first quarter from 1.65% three months ago and 1.87% a year earlier.
The company also set aside an additional 2.96 billion rupees as prudent macroeconomic provisions during the quarter. Excluding these provisions, credit cost was 1.31%, it said.
Its gross non-performing asset ratio improved to 0.96%, compared with 1.01% in the previous quarter and 1.03% a year earlier.
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar and Nivedita Bhattacharjee)
(([email protected];))
Rewrites paragraph 1, adds credit cost in paragraph 7,8
BENGALURU, July 30 (Reuters) - India's Bajaj Finance BJFN.NS posted a bigger-than-expected first-quarter profit on Thursday, helped by strong loan growth and improving asset quality.
The non-banking financial company reported a 28% year-on-year rise in consolidated profit after tax to 60.81 billion rupees for the quarter ended June 30, compared with analysts' expectation of a profit of 58.56 billion rupees, per data compiled by LSEG.
The lender benefited from robust retail credit demand, with assets under management in newer segments such as gold loans and tractor financing doubling from a year earlier.
Overall assets under management grew 24% from a year earlier, the fastest pace in three quarters.
Bajaj Finance's net interest income -- the difference between interest earned on credit and paid on borrowings -- rose 23% to 125.71 billion rupees.
The lender also continued to adopt a more cautious lending approach in segments like micro, small, and medium-sized enterprises (MSMEs) after grappling with higher delinquencies there.
As a result, its credit cost, a measure of provisions set aside for potential loan losses, improved to 1.54% in the first quarter from 1.65% three months ago and 1.87% a year earlier.
The company also set aside an additional 2.96 billion rupees as prudent macroeconomic provisions during the quarter. Excluding these provisions, credit cost was 1.31%, it said.
Its gross non-performing asset ratio improved to 0.96%, compared with 1.01% in the previous quarter and 1.03% a year earlier.
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar and Nivedita Bhattacharjee)
(([email protected];))
July 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS on Wednesday reported a 23% rise in its first-quarter profit, helped by higher loan growth.
Bajaj Housing, the largest housing finance firm by market capitalisation in the country, reported a net profit of 7.15 billion rupees ($74.75 million) for the quarter ended June 30, up from 5.83 billion rupees a year earlier.
The company, which posted an assets under management growth of 24% year-on-year and a rise in disbursements of 33%, benefitted from the strong credit demand in the country.
Bajaj Housing has also been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide, aiding its growth.
Net interest income — the difference between interest earned on credit and paid on borrowing — rose 9% year-on-year to 9.68 billion rupees.
Shares of the company ended 2.3% higher ahead of the results.
($1 = 95.6475 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
(([email protected];))
July 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS on Wednesday reported a 23% rise in its first-quarter profit, helped by higher loan growth.
Bajaj Housing, the largest housing finance firm by market capitalisation in the country, reported a net profit of 7.15 billion rupees ($74.75 million) for the quarter ended June 30, up from 5.83 billion rupees a year earlier.
The company, which posted an assets under management growth of 24% year-on-year and a rise in disbursements of 33%, benefitted from the strong credit demand in the country.
Bajaj Housing has also been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide, aiding its growth.
Net interest income — the difference between interest earned on credit and paid on borrowing — rose 9% year-on-year to 9.68 billion rupees.
Shares of the company ended 2.3% higher ahead of the results.
($1 = 95.6475 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
(([email protected];))
MUMBAI, July 22 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 11.40 billion rupees ($118.08 million) for the reissue of its 7.93% June 2029 bond, three bankers said on Wednesday.
It will offer a yield of 7.85% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance 7.93% June 2029 bond | 2 years and 11 months | 7.85(yield) | 11.40 | July 22 | AAA(Crisil) |
Aditya Birla Capital 8.70% July 2029 Reissue | 2 years 11 months and 10 days | To be decided | 1+2.5 | July 23 | AAA (Crisil, Icra) |
Aditya Birla Capital 8.10% September 2029 Reissue | 3 years and 1 month and 14 days | To be decided | 1.5+7.5 | July 23 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5450 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Priyanka.G)
MUMBAI, July 22 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 11.40 billion rupees ($118.08 million) for the reissue of its 7.93% June 2029 bond, three bankers said on Wednesday.
It will offer a yield of 7.85% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance 7.93% June 2029 bond | 2 years and 11 months | 7.85(yield) | 11.40 | July 22 | AAA(Crisil) |
Aditya Birla Capital 8.70% July 2029 Reissue | 2 years 11 months and 10 days | To be decided | 1+2.5 | July 23 | AAA (Crisil, Icra) |
Aditya Birla Capital 8.10% September 2029 Reissue | 3 years and 1 month and 14 days | To be decided | 1.5+7.5 | July 23 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5450 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Priyanka.G)
MUMBAI, July 21 (Reuters) - India's Bajaj Finance BJFN.NS 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 bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 years and 11 months | 7.93 | 10+10 | July 22 | |
HDB Financial Services Reissue of 8.2301% July 2029 bond | 3 years | 7.75 (yield) | 4+6 | July 22 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2350 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, July 21 (Reuters) - India's Bajaj Finance BJFN.NS 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 bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 years and 11 months | 7.93 | 10+10 | July 22 | |
HDB Financial Services Reissue of 8.2301% July 2029 bond | 3 years | 7.75 (yield) | 4+6 | July 22 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2350 Indian rupees)
(Reporting by Khushi Malhotra)
July 9 (Reuters) - Kapture CX:
KAPTURE CX SECURES $10 MN PRE-SERIES B FUNDING LED BY BAJAJ FINSERV VENTURES TO SCALE AGENTIC ENTERPRISE STACK
KAPTURE CX - ROUND WAS LED BY BAJAJ FINSERV VENTURES (BFSV), PART OF BAJAJ FINSERV
Source text: ID:nPn73stcKa
Further company coverage: BJFS.NS
(([email protected];))
July 9 (Reuters) - Kapture CX:
KAPTURE CX SECURES $10 MN PRE-SERIES B FUNDING LED BY BAJAJ FINSERV VENTURES TO SCALE AGENTIC ENTERPRISE STACK
KAPTURE CX - ROUND WAS LED BY BAJAJ FINSERV VENTURES (BFSV), PART OF BAJAJ FINSERV
Source text: ID:nPn73stcKa
Further company coverage: BJFS.NS
(([email protected];))
MUMBAI, July 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 15 billion rupees ($157.17 million) for the sale of bonds maturing in three years and three months, three bankers said on Monday.
It will pay a coupon of 7.53%, and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Housing did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
L&T Finance Jun 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Tata Capital Jun 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 6 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 15 billion rupees ($157.17 million) for the sale of bonds maturing in three years and three months, three bankers said on Monday.
It will pay a coupon of 7.53%, and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Housing did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | 7.53 | 15 | July 6 | AAA (Crisil) |
L&T Finance Jun 2031 reissue | 5 years | 7.98 (yield) | 5 | July 6 | AAA (Crisil, Care) |
L&T Finance | 3 years and 3 months | 7.85 | 5 | July 6 | AAA (Crisil, Care) |
Tata Capital Jun 2027 reissue | 2 years and 11 months | 7.78 (yield) | 7.50+2.50 | July 6 | AAA (Crisil, Icra |
Tata Capital | 5 years | 7.88 | 17.50+10 | July 6 | AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 3 (Reuters) - India's Bajaj Housing Finance plans to raise up to 15 billion rupees ($157.55 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, 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 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+10 | July 6 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital Apr 2036 reissue | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 3 (Reuters) - India's Bajaj Housing Finance plans to raise up to 15 billion rupees ($157.55 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in three years and three months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, 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 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years and 3 months | To be decided | 5+10 | July 6 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 5+5 | July 6 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 3 months | 7.70 | 40 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | 7.79 | 13.05 | July 3 | AAA (Crisil) |
NABARD | 3 years and 5 months | 7.16 | 80 | July 3 | AAA (Icra, Crisil) |
IIFCL | 4 years and 11 months | 7.25 | 18.48 | July 3 | AAA (Care, Icra) |
AB Capital Apr 2036 reissue | 9 years and 10 months | 8.2484 (yield) | 5.57 | July 3 | AAA (Crisil) |
NTPC Green Energy | 10 years | To be decided | 5+20 | July 7 | AAA (Crisil) |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Sammaan Capital | 14 months | 8.03 | 8 | July 2 | AA+ (Crisil, Icra) |
Sammaan Capital | 20 months | 8.43 | 6 | July 2 | AA+ (Crisil, Icra) |
3 years and 1 month | 7.81 | 6 | July 2 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 2 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 70 billion rupees ($735.51 million), including a greenshoe option of 55 billion rupees, through the sale of bonds maturing in three years and three months, and 10 years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on July 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 3 months | To be decided | 10+30 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | To be decided | 5+25 | July 3 | AAA (Crisil, Icra) |
IIFCL | 4 years and 11 months | To be decided | 5+15 | July 3 | AAA (Care, Icra) |
Aditya Birla Capital Apr 2036 reissue | 9 years and 10 months | To be decided | 2+4 | July 3 | AAA (Crisil) |
NIIF Infra Finance | 5 years and 5 months | 7.80 | 6.85 | July 1 | AAA (Icra) |
NIIF Infra Finance | 9 years and 11 months | 7.95 | 3 | July 1 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 2 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 70 billion rupees ($735.51 million), including a greenshoe option of 55 billion rupees, through the sale of bonds maturing in three years and three months, and 10 years, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue on Friday, they said.
The company did not immediately respond to a Reuters request for comment.
Here is the list of deals reported so far on July 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 3 years and 3 months | To be decided | 10+30 | July 3 | AAA (Crisil) |
Bajaj Finance | 10 years | To be decided | 5+25 | July 3 | AAA (Crisil, Icra) |
IIFCL | 4 years and 11 months | To be decided | 5+15 | July 3 | AAA (Care, Icra) |
Aditya Birla Capital Apr 2036 reissue | 9 years and 10 months | To be decided | 2+4 | July 3 | AAA (Crisil) |
NIIF Infra Finance | 5 years and 5 months | 7.80 | 6.85 | July 1 | AAA (Icra) |
NIIF Infra Finance | 9 years and 11 months | 7.95 | 3 | July 1 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 1 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 25 billion rupees ($263.63 million) in a sale of bonds maturing in four years, three bankers said on Wednesday.
It will pay a coupon of 7.64%, and had invited commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | 7.64 | 25 | June 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.8300 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, July 1 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepts bids worth 25 billion rupees ($263.63 million) in a sale of bonds maturing in four years, three bankers said on Wednesday.
It will pay a coupon of 7.64%, and had invited commitment bids for the issue on Tuesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | 7.64 | 25 | June 30 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.8300 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, June 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($264.91 million), including a greenshoe option of 20 billion rupees, by selling bonds maturing in four years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | To be decided | 5+20 | June 30 | AAA (Crisil) |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, June 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 25 billion rupees ($264.91 million), including a greenshoe option of 20 billion rupees, by selling bonds maturing in four years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 4 years | To be decided | 5+20 | June 30 | AAA (Crisil) |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, June 22 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 20 billion rupees ($211.24 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 10+10 | June 23 | AAA (Crisil) |
LIC Housing Finance | 3 years and 5 months | To be decided | 10+25 | June 23 | AAA (Crisil, Care) |
India Infradebt | 5 years and 6 months | 7.92 | 11.15 | June 22 | AAA (Icra, Crisil) |
Godrej Industries | 5 years and 3 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Godrej Industries | 5 years and 6 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Embassy Office Parks REIT | 3 years | 7.49 (payable quarterly) | 7 | June 22 | AAA (Crisil, Care) |
IREDA | 3 years and six days | 7.34 | 15 | June 22 | AAA (Icra, India ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.6800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 22 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 20 billion rupees ($211.24 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 10+10 | June 23 | AAA (Crisil) |
LIC Housing Finance | 3 years and 5 months | To be decided | 10+25 | June 23 | AAA (Crisil, Care) |
India Infradebt | 5 years and 6 months | 7.92 | 11.15 | June 22 | AAA (Icra, Crisil) |
Godrej Industries | 5 years and 3 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Godrej Industries | 5 years and 6 months | 8.23 | 5 | June 22 | AA+ (Crisil, Icra) |
Embassy Office Parks REIT | 3 years | 7.49 (payable quarterly) | 7 | June 22 | AAA (Crisil, Care) |
IREDA | 3 years and six days | 7.34 | 15 | June 22 | AAA (Icra, India ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.6800 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.80% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance September Reissue | 2 years and 3 months | 7.80 (yield) | 13.90 | June 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 17 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 13.90 billion rupees ($147.28 million) for the reissue of 7.07% September 2028 bonds, three bankers said on Wednesday.
It will offer a yield of 7.80% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance September Reissue | 2 years and 3 months | 7.80 (yield) | 13.90 | June 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
MUMBAI, June 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids up to 20 billion rupees ($210.3 million) for the reissue of 8.25% May 2031 bonds, three bankers said on Friday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 12 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, June 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids up to 20 billion rupees ($210.3 million) for the reissue of 8.25% May 2031 bonds, three bankers said on Friday.
It will pay a coupon of 7.95% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 12 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
June 9 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV - RAJIV BAJAJ EXPRESSED HIS INTENTION TO STEP DOWN FROM BOARD
BAJAJ FINSERV - HE WILL CEASE TO BE A DIRECTOR OF COMPANY UPON RETIREMENT BY ROTATION AT SAID AGM
BAJAJ FINSERV - RAJIV BAJAJ TO STEP DOWN AS NON-EXECUTIVE DIRECTOR
Source text: ID:nNSEbhKWML
Further company coverage: BJFS.NS
(([email protected];;))
June 9 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV - RAJIV BAJAJ EXPRESSED HIS INTENTION TO STEP DOWN FROM BOARD
BAJAJ FINSERV - HE WILL CEASE TO BE A DIRECTOR OF COMPANY UPON RETIREMENT BY ROTATION AT SAID AGM
BAJAJ FINSERV - RAJIV BAJAJ TO STEP DOWN AS NON-EXECUTIVE DIRECTOR
Source text: ID:nNSEbhKWML
Further company coverage: BJFS.NS
(([email protected];;))
MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 20 billion rupees ($208.8 million) for the reissue of 7.83% May 2029 bonds, three bankers said on Thursday.
It will offer a yield of 8.15%, and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond 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 Finance 7.83% May 2029 bond | 2 years and 11 months | 8.15 (yield) | 20 | June 4 | AAA (Crisil) |
PNB Housing Finance | 5 years | 8.35 | 4+1 | June 5 | AAA(Care, India Ratings) |
REC | 2 years 8 months and 18 days | To be decided | 5+25 | June 8 | AAA (Care, Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.7650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Varun H K)
MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 20 billion rupees ($208.8 million) for the reissue of 7.83% May 2029 bonds, three bankers said on Thursday.
It will offer a yield of 8.15%, and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond 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 Finance 7.83% May 2029 bond | 2 years and 11 months | 8.15 (yield) | 20 | June 4 | AAA (Crisil) |
PNB Housing Finance | 5 years | 8.35 | 4+1 | June 5 | AAA(Care, India Ratings) |
REC | 2 years 8 months and 18 days | To be decided | 5+25 | June 8 | AAA (Care, Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.7650 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Varun H K)
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Popular questions
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What does Bajaj Finserv do?
Bajaj Finserv is one of India’s leading promoters of financial services. The company has diversified portfolio that helps to meet financial needs and build an individual’s financial resilience. Its suite of financial solutions includes savings products, consumer and commercial loans, mortgages, auto financing, securities brokerage services, general and life insurance, and investments. With a vision to be a diversified financial services group with a pan-India presence, it offers lifecycle financial solutions for its various customers.
Who are the competitors of Bajaj Finserv?
Bajaj Finserv major competitors are Shriram Finance, JIO Financial Serv., Chola Invest & Fin., Muthoot Finance, Power Finance Corpn., Indian Railway Fin., REC. Market Cap of Bajaj Finserv is ₹2,77,141 Crs. While the median market cap of its peers are ₹1,08,425 Crs.
Is Bajaj Finserv financially stable compared to its competitors?
Bajaj Finserv seems to be less financially stable compared to its competitors. Altman Z score of Bajaj Finserv is 0.28 and is ranked 8 out of its 8 competitors.
Does Bajaj Finserv pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bajaj Finserv latest dividend payout ratio is 2.45% and 3yr average dividend payout ratio is 2.07%
How has Bajaj Finserv allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Bajaj Finserv balance sheet?
Bajaj Finserv balance sheet is weak and might have solvency issues
Is the profitablity of Bajaj Finserv improving?
Yes, profit is increasing. The profit of Bajaj Finserv is ₹20,616 Crs for TTM, ₹9,801 Crs for Mar 2026 and ₹8,872 Crs for Mar 2025.
Is the debt of Bajaj Finserv increasing or decreasing?
Yes, The net debt of Bajaj Finserv is increasing. Latest net debt of Bajaj Finserv is ₹3,93,263 Crs as of Mar-26. This is greater than Mar-25 when it was ₹3,23,163 Crs.
Is Bajaj Finserv stock expensive?
Bajaj Finserv is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Bajaj Finserv is 27.32, while 3 year average PE is 37.91. Also latest EV/EBITDA of Bajaj Finserv is 11.55 while 3yr average is 8.73.
Has the share price of Bajaj Finserv grown faster than its competition?
Bajaj Finserv has given lower returns compared to its competitors. Bajaj Finserv has grown at ~7.55% over the last 3yrs while peers have grown at a median rate of 14.58%
Is the promoter bullish about Bajaj Finserv?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Bajaj Finserv is 58.71% and last quarter promoter holding is 58.71%.
Are mutual funds buying/selling Bajaj Finserv?
The mutual fund holding of Bajaj Finserv is increasing. The current mutual fund holding in Bajaj Finserv is 8.46% while previous quarter holding is 8.35%.