Bajaj Finserv
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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)
Updates with closing levels, fresh milestone
July 31 (Reuters) - Shares of Bajaj Finance BJFN.NS jumped as much as 9.3% to an all-time high on Friday after analysts said accelerating loan growth in the first quarter alongside improving credit quality reinforced confidence in the non-bank lender's earnings outlook.
The stock closed 8.3% higher at 1,141.20 rupees and was the top gainer on India's benchmark Nifty 50 index .NSEI, which ended up 0.27%.
On Thursday, Bajaj Finance reported a 28% rise in first-quarter profit after tax, while net interest income grew 23%, beating analyst estimates across key metrics and maintaining stable margins despite higher funding costs.
At least six brokerages raised their target prices after the results, with analysts citing a decline in bad loans despite a challenging credit environment.
CLSA said Bajaj Finance's calculated net slippage ratio fell 90 basis points year-on-year to 1.2%, while Nomura noted that gross stage-2 assets - loans showing elevated credit risk but not yet impaired - dropped to their lowest level since the COVID-19 pandemic.
UBS said the lender's assets under management climbed at its fastest pace in three quarters, driven by strong growth in consumer sales finance and gold loans.
(Reporting by Abhirami G and Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
Updates with closing levels, fresh milestone
July 31 (Reuters) - Shares of Bajaj Finance BJFN.NS jumped as much as 9.3% to an all-time high on Friday after analysts said accelerating loan growth in the first quarter alongside improving credit quality reinforced confidence in the non-bank lender's earnings outlook.
The stock closed 8.3% higher at 1,141.20 rupees and was the top gainer on India's benchmark Nifty 50 index .NSEI, which ended up 0.27%.
On Thursday, Bajaj Finance reported a 28% rise in first-quarter profit after tax, while net interest income grew 23%, beating analyst estimates across key metrics and maintaining stable margins despite higher funding costs.
At least six brokerages raised their target prices after the results, with analysts citing a decline in bad loans despite a challenging credit environment.
CLSA said Bajaj Finance's calculated net slippage ratio fell 90 basis points year-on-year to 1.2%, while Nomura noted that gross stage-2 assets - loans showing elevated credit risk but not yet impaired - dropped to their lowest level since the COVID-19 pandemic.
UBS said the lender's assets under management climbed at its fastest pace in three quarters, driven by strong growth in consumer sales finance and gold loans.
(Reporting by Abhirami G and Kashish Tandon in Bengaluru; Editing by Sherry Jacob-Phillips and Sonia Cheema)
BENGALURU, July 30 (Reuters) - India's Bajaj Finance BJFN.NS posted higher quarterly profit on Thursday, on steady growth in its loanbook.
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, from 47.65 billion rupees a year earlier.
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)
(([email protected];))
BENGALURU, July 30 (Reuters) - India's Bajaj Finance BJFN.NS posted higher quarterly profit on Thursday, on steady growth in its loanbook.
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, from 47.65 billion rupees a year earlier.
(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)
(([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 Finance BJFN.NS has accepted bids worth an aggregate 53.05 billion rupees ($556.66 million) for bonds maturing in three years and three months, and in 10 years, three bankers said on Friday.
The company will pay a coupon of 7.70% and 7.79% on these issues, and had invited bids earlier in the day, 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 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
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 | 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; Editing by Harikrishnan Nair)
MUMBAI, July 3 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth an aggregate 53.05 billion rupees ($556.66 million) for bonds maturing in three years and three months, and in 10 years, three bankers said on Friday.
The company will pay a coupon of 7.70% and 7.79% on these issues, and had invited bids earlier in the day, 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 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
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 | 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; Editing by Harikrishnan Nair)
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)
MUMBAI, May 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion Indian rupees ($209.03 million) for bonds maturing in five years, three bankers said on Tuesday.
It will pay an annual coupon of 8.25% 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 May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 8.25 | 20 | May 26 | AAA (Crisil) |
NHPC STRPP | 6 to 15 years | 7.67 | 20 | May 26 | AAA (Care, India Ratings) |
360 One Prime | 2 years and 2 months | To be decided | 11.50+3.5 | May 27 | AA (Icra) |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, May 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 20 billion Indian rupees ($209.03 million) for bonds maturing in five years, three bankers said on Tuesday.
It will pay an annual coupon of 8.25% 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 May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 5 years | 8.25 | 20 | May 26 | AAA (Crisil) |
NHPC STRPP | 6 to 15 years | 7.67 | 20 | May 26 | AAA (Care, India Ratings) |
360 One Prime | 2 years and 2 months | To be decided | 11.50+3.5 | May 27 | AA (Icra) |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
*Size includes base plus greenshoe for some issues
($1 = 95.6800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
MUMBAI, May 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 10.25 billion rupees ($106.18 million) for bonds maturing in 10 years, three bankers said on Tuesday.
It will pay an annual coupon of 8.08% on this issue, and had invited bids earlier in the day, they said.
The bonds will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.08 | 10.25 | May 19 | AAA (Crisil) |
NIIF Infra Finance 7.88% Aug 2031 reissue | 5 years and 3 months | To be decided | 4+6 | May 20 | AAA (Icra) |
Cholamandalam Investment | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+ (Icra, Care) |
ICICI Home Finance | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA (Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial, reset quarterly) | 27.50+12.50 | May 20 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, May 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 10.25 billion rupees ($106.18 million) for bonds maturing in 10 years, three bankers said on Tuesday.
It will pay an annual coupon of 8.08% on this issue, and had invited bids earlier in the day, they said.
The bonds will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.08 | 10.25 | May 19 | AAA (Crisil) |
NIIF Infra Finance 7.88% Aug 2031 reissue | 5 years and 3 months | To be decided | 4+6 | May 20 | AAA (Icra) |
Cholamandalam Investment | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+ (Icra, Care) |
ICICI Home Finance | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA (Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial, reset quarterly) | 27.50+12.50 | May 20 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years (put option after 3 years) | To be decided | 20+10 | May 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3575 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years (put option after 3 years) | To be decided | 20+10 | May 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3575 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, May 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 5 billion rupees ($52.1 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The non-bank lender will pay a coupon of 7.83% 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 May 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 5 billion rupees ($52.1 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The non-bank lender will pay a coupon of 7.83% 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 May 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 14 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 10 billion rupees ($104.3 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.
The non-bank lender 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 May 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 14 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise up to 10 billion rupees ($104.3 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday.
The non-bank lender 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 May 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 12 (Reuters) - India's Bajaj Finance BJFN.NS accepts bids worth an aggregate of 28.92 billion rupees ($302.8 million) for sale of bonds maturing in five years and for the reissue of April 2029 bonds, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 8% on the fresh issue and a yield of 7.95% on the reissue, and had invited commitment bids 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 May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.5075 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, May 12 (Reuters) - India's Bajaj Finance BJFN.NS accepts bids worth an aggregate of 28.92 billion rupees ($302.8 million) for sale of bonds maturing in five years and for the reissue of April 2029 bonds, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 8% on the fresh issue and a yield of 7.95% on the reissue, and had invited commitment bids 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 May 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.5075 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Adds details and background throughout
April 30 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped as much as 5% on Thursday after analysts said the lender’s improving asset quality, easing credit costs and reaffirmation of its profit forecast point to a stable outlook despite earlier stress in small business lending.
The non‑bank lender's stock was the top gainer on Nifty Financial Services .NIFTYFIN, the heaviest sub-index, which was down 1.5%, while also topping the benchmark Nifty 50 .NSEI.
Analysts said tighter underwriting and improving asset quality have laid the groundwork for steadier and more durable growth, with CLSA noting that asset quality trends have been strengthening for the last two to three quarters.
The Bajaj group firm's reassertion of its long-term profit forecast of 23-24% indicated that growth is not expected to decline, according to CLSA analysts.
The forecast looks more achievable as the drag from captive two‑wheeler and three‑wheeler loans eases and newer segments ramp up despite slower micro, small and medium enterprises (MSME) growth, J.P. Morgan said.
Credit costs - provisions set aside for potential loan defaults - eased to 1.65% in the March quarter from 2.17% a year earlier and are expected to improve further to 1.45–1.60% this fiscal year.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 9558725583;))
Adds details and background throughout
April 30 (Reuters) - Shares of India's Bajaj Finance BJFN.NS jumped as much as 5% on Thursday after analysts said the lender’s improving asset quality, easing credit costs and reaffirmation of its profit forecast point to a stable outlook despite earlier stress in small business lending.
The non‑bank lender's stock was the top gainer on Nifty Financial Services .NIFTYFIN, the heaviest sub-index, which was down 1.5%, while also topping the benchmark Nifty 50 .NSEI.
Analysts said tighter underwriting and improving asset quality have laid the groundwork for steadier and more durable growth, with CLSA noting that asset quality trends have been strengthening for the last two to three quarters.
The Bajaj group firm's reassertion of its long-term profit forecast of 23-24% indicated that growth is not expected to decline, according to CLSA analysts.
The forecast looks more achievable as the drag from captive two‑wheeler and three‑wheeler loans eases and newer segments ramp up despite slower micro, small and medium enterprises (MSME) growth, J.P. Morgan said.
Credit costs - provisions set aside for potential loan defaults - eased to 1.65% in the March quarter from 2.17% a year earlier and are expected to improve further to 1.45–1.60% this fiscal year.
(Reporting by Urvi Dugar in Bengaluru; Editing by Sonia Cheema)
(([email protected]; +91 9558725583;))
BENGALURU, April 29 (Reuters) - India's Bajaj Finance BJFN.NS posted a 22% rise in fourth-quarter profit on Wednesday, helped by lower bad loan provisions.
The non-banking financial company's consolidated net profit rose to 54.65 billion rupees for the quarter ended March 31, compared to analysts' estimate of 54.9 billion rupees, per data compiled by LSEG.
(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru)
(([email protected];))
BENGALURU, April 29 (Reuters) - India's Bajaj Finance BJFN.NS posted a 22% rise in fourth-quarter profit on Wednesday, helped by lower bad loan provisions.
The non-banking financial company's consolidated net profit rose to 54.65 billion rupees for the quarter ended March 31, compared to analysts' estimate of 54.9 billion rupees, per data compiled by LSEG.
(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru)
(([email protected];))
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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 ₹3,25,002 Crs. While the median market cap of its peers are ₹1,21,645 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 0.32 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 32.04, while 3 year average PE is 38.66. Also latest EV/EBITDA of Bajaj Finserv is 12.35 while 3yr average is 8.73.
Has the share price of Bajaj Finserv grown faster than its competition?
Bajaj Finserv has given better returns compared to its competitors. Bajaj Finserv has grown at ~12.06% over the last 2yrs while peers have grown at a median rate of -12.37%
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%.