BAJFINANCE

MUMBAI, May 29 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($58.5 million) for the reissue of 7.2337% June 2027 bonds, three bankers said on Thursday.

The non-banking financial company will offer a yield of 6.99% and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 29:

* Size includes base plus greenshoe for some issues

($1 = 85.4530 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, May 28 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($351.7 million), including a greenshoe option of 25 billion rupees, through the reissue of 7.2337% June 2027 bonds, three bankers said on Wednesday.

The non-banking financial company has invited bids from bankers and investors on Thursday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 28:

*Size includes base plus greenshoe for some issues

($1 = 85.3020 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

MUMBAI, May 21 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 92.65 billion rupees ($1.08 billion) for reissue of June 2028 and June 2030 bonds, three bankers said on Wednesday.

The non-banking financial company had invited bids from bankers and investors earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 21:

*Size includes base plus greenshoe for some issues

($1 = 85.5280 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

MUMBAI, May 20 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 110 billion rupees ($1.29 billion, including a greenshoe option of 65 billion rupees, through the sale of bonds maturing in three years and one month and in five years and one month, three bankers said on Tuesday.

The non-banking financial company has invited bids from bankers and investors on Wednesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 20:

*Size includes base plus greenshoe for some issues

($1 = 85.4425 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra
Editing by Sonia Cheema)

(([email protected]))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, May 19 (Reuters Breakingviews) - India is shaking off a decade-old suspicion of flighty foreigners. Officials are easing rules to let them own more of its $600 billion of company debt and smoothing access to treasuries. Global economic conditions do not favour an immediate deluge of flows, but the country's road to a deeper bond market is getting shorter.

The central bank this month removed a 30% cap on outsiders owning bonds with residual maturity of less than a year. Days later, markets watchdog Securities and Exchange Board of India proposed a simpler due diligence regime for treasury-focused investors that could ease compliance for funds with complex structures or multiple schemes.

The reforms signal India is warming up to what it once considered hot money: itinerant pools of capital that bet on interest rate and currency differentials between markets. That's a big turnaround from a decade ago. Back then, authorities restricted their access to short-term securities following massive outflows during the so-called taper tantrum, sparked by the U.S. central bank revealing it would start scaling back its asset purchase program.

At present, rising U.S. yields dim the allure of Indian debt: foreign portfolio investors have used only 14% of the quota of company bonds available to them, down from 38% in May 2020. Officials are therefore willing to adjust conditions to be more favourable for high-yield seekers like Ares Management ARES.N and Oaktree, which are pushing into the market and prefer to hold debt to redemption rather than constantly monitor residual maturities for illiquid paper.

The additional liquidity it attracts could create a new layer of issuers between top-rated companies which dominate the market and high-risk borrowers, said Jayesh Mehta, vice chairman and CEO at non-bank lender DSP Finance. Bond issuance by Indian companies hit a record high in 2024. Top issuers included Bajaj Finance BJFN.NS and the parent firm of Bharti Airtel BRTI.NS.

Cash will not gush in immediately, as the yield differential between U.S. treasuries and the Indian equivalent is just 170 basis points, the narrowest in two decades. Over time, the shift will help India cut its companies' dependence on bank lending. There's a long way to go: the country's corporate bond market is just 16% of GDP, less than half the ratio for China. Still, it's better to open up when inflows will be a trickle rather than a flood.

Follow @ShritamaBose on X

CONTEXT NEWS

Securities and Exchange Board of India on May 13 proposed dropping disclosure requirements on group details of foreign investors who hold Indian government bonds.

The country's central bank on May 8 withdrew short-term investment and concentration limits applied to FPIs investing in Indian company debt.

(Editing by Una Galani and Aditya Srivastav)

((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))

MUMBAI, May 6 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 7.37 billion rupees ($87.4 million) for the reissue of 7.02% April 2031 bonds and 7.38% June 2030 bonds, three bankers said on Tuesday.

The non-banking financial company had invited bids from bankers and investors for the issue earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 6:

*Size includes base plus greenshoe for some issues

($1 = 84.3300 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

(([email protected]))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, May 5 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 42 billion rupees ($497.4 million), including a greenshoe option of 35 billion rupees, through the reissue of 7.02% April 2031 bonds and 7.38% June 2030 bonds, three bankers said on Monday.

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

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on May 5:

*Size includes base plus greenshoe for some issues

($1 = 84.4330 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected]; [email protected]))

** India's Bajaj Finance BJFN.NS slumps 4.6% to 8,678 rupees

** Stock second biggest loser on benchmark Nifty 50 .NSEI and Nifty financial services .NIFTYFIN

** Non-bank lender's Q4 profit rose, helped by healthy loan growth and a tax reversal

** However, Goldman Sachs and JP Morgan analysts say BJFN's adjusted profit and credit costs missed the brokerages' estimates

** Moreover, BJFN's fiscal 2026 growth forecast of 24-25% for assets under management "disappointed investors" say Macquarie analysts

** Avg rating of 31 analysts on BJFN at "buy"; median PT is 9,200 rupees - data compiled by LSEG

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

April 29 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BAJAJ FINANCE - FOR FY26, GNPA, NNPA ESTIMATED TO REMAIN LOWER THAN LONG-TERM GUIDANCE

• BAJAJ FINANCE Q4 CONSOL INTEREST INCOME 163.59 BILLION RUPEES

• BAJAJ FINANCE - ESTIMATES AUM GROWTH OF 24-25% FOR FY26, AIDED BY NEW LINES OF BUSINESSES LAUNCHED IN LAST 2-3 YEARS

• BAJAJ FINANCE - REMAINS CONFIDENT OF ADDING 14-16 MM CUSTOMERS IN FY26

• BAJAJ FINANCE - ESTIMATE NIM TO REMAIN STABLE IN FY26

Source text: ID:nNSEBBcBF

Further company coverage: BJFN.NS

(([email protected];;))

MUMBAI, April 25 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 12.75 billion rupees ($149.33 million) for bonds maturing in two years and two months, five-year and two months, and a reissue of 7.3763% June 2028 bonds, three bankers said on Friday.

The non-banking financial company had invited bids from bankers and investors for the options earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 25:

*Size includes base plus greenshoe for some issues

($1 = 85.3830 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

** Shares of Bajaj Finance BJFN.NS, RIC rise as much as 3.6% to hit record high at 9,660 rupees

** Non-bank lender on Wednesday said it will consider sub-division and bonus issue of shares on April 29

** Avg rating of 30 analysts equivalent of "buy", median PT is 9,000 rupees - data compiled by LSEG

** Stock up 37.1% YTD

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

April 23 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• WILL CONSIDER PROPOSAL OF SUB-DIVISION/ SPLIT OF EXISTING EQUITY SHARES

• TO CONSIDER PROPOSAL FOR ISSUE OF BONUS SHARES

• WILL CONSIDER SPECIAL DIVIDEND

Source text: ID:nBSE8hpgNw

Further company coverage: BJFN.NS

(([email protected];))

MUMBAI, April 16 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($58.4 million) for the sale of bonds maturing in three years and two months, three bankers said on Wednesday.

The non-banking financial company will offer a yield of 7.3763% and had invited bids from bankers and investors for the issue earlier in the day, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on 16:

*Size includes base plus greenshoe for some issues

($1 = 85.6310 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

(([email protected]; [email protected]))

MUMBAI, April 15 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($349.8 million), including 25 billion rupees of a greenshoe option, through the sale of bonds maturing in three years and two months, three bankers said on Tuesday.

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

Bajaj Finance did not respond to a Reuters email for comment.

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

*Size includes base plus greenshoe for some issues

($1 = 85.7700 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

MUMBAI, April 9 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 12.50 billion rupees ($144 million) for the reissue of 7.55% April 2035 bonds, three bankers said on Wednesday.

The non-banking financial company will offer a yield of 7.55% on this issue and had invited bids from bankers and investors for the issue on Tuesday, they said.

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 9:

*Size includes base plus greenshoe for some issues

($1 = 86.6000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

(([email protected]))

** Bajaj Finance BJFN.NS up 2.2%, among broad market .NSEI rebound and more than recouping 1.7% loss on Mon

** Gains helped by CLSA expecting a "healthy" 22%-23% profit growth for the non-bank lender's profit over next 5 years

** Adds no other stock offers such growth; keeps "outperform" and PT at 11,000 rupees vs current price of 8,765 rupees

** Analysts' avg rating is equivalent of "buy" and median PT is 9,000 rupees, as per LSEG data

** BJFN up ~26% YTD, most on Nifty 50, with holding company Bajaj Finserv's BJFS.NS ~18% gain 2nd-best; Nifty off 6% YTD

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected] ))

MUMBAI, April 7 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 40 billion rupees ($466.18 million), including a greenshoe option of 27.50 billion rupees, through the reissue of 7.55% April 2035 bonds, three bankers said on Monday.

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

Bajaj Finance did not respond to a Reuters email for comment.

Here is the list of deals reported so far on April 7:

* Size includes base plus greenshoe for some issues

($1 = 85.8030 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

(([email protected]))

** Non-bank lender Bajaj Finance BJFN.NS rises 2.3% to 8795 rupees; among top gainers on financial services sub-index .NIFTYFIN, which is up 0.5%

** Co's business update for Q4 shows 26% y/y growth in assets under management; new loans up 36% y/y

** Jefferies reiterates "buy"; says strong AUM growth will aid healthy revenue growth in March-quarter earnings

** Adds improving asset quality, robust new loan booking will help earnings, stock trajectory

** YTD, BJFN gains 26%, outperforming NIFTYFIN's 5.7% rise

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Bajaj Finance BJFN.NS fall as much as 2.4% to 8460 rupees

** Stock last down 1%, among top losers on the Nifty Financial Services index .NIFTYFIN, which is largely flat

** Drop after CNBC-TV18 reports that RBI has sent "letter of displeasure" to the non-bank lender over co-branded credit cards

** Letter says co has not proactively identified gaps and vulnerabilities in co-branded credit cards, warning of significant risks to consumers, according to report, citing sources

** Stock up 26% YTD vs a 5% rise in the financial services index

(Reporitng by Nishit Navin)

(([email protected];))

MUMBAI, April 2 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 60 billion rupees ($700.26 million), including a greenshoe option of 20 billion rupees, selling bonds maturing in five years and in 10 years, three bankers said on Wednesday.

The non-banking financial company has invited bids from bankers and investors for the issue later in the day, they said.

Bajaj Finance did not respond to Reuters email for comment.

Here is the list of deals reported so far on April 2:

*Size includes base plus greenshoe for some issues

($1 = 85.6820 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)

(([email protected]))

** Shares of India's Bajaj Finance BJFN.NS rise as much as 4.7% to record high of 9,089 rupees

** Stock top gainer in benchmark Nifty 50 index .NSEI, which is down 0.1%

** Non-banking financial co on Thursday named Anup Kumar Saha, present deputy MD as new MD, replacing veteral Rajeev Jain

** Jain named vice chairman, executive director

** Move should allow Jain to stay involved in short- and mid-range planning at Bajaj Finance and investor engagements- Jefferies

** Smooth succession, healthy growth & improving asset quality will aid valuations; BJFN remains top pick - brokerage

** BJFN top gainer in Nifty 50 index so far this year among 22 stocks trading in green, up 31.2% YTD

** In contrast Nifty 50 index down 2.1%

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

March 20 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• BAJAJ FINANCE LTD - ANUP KUMAR SAHA APPOINTED AS MANAGING DIRECTOR EFFECTIVE 1 APRIL 2025

• BAJAJ FINANCE LTD - RAJEEV JAIN APPOINTED AS VICE CHAIRMAN EFFECTIVE 1 APRIL 2025

Source text: ID:nBSE3QCh6K

Further company coverage: BJFN.NS

(([email protected];;))

MUMBAI, March 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5.45 billion rupees ($62.99 million) for bonds maturing in four years and 11 months, three bankers said on Wednesday.

The non-banking financial company will pay an annual coupon of 7.80% on this issue and had invited bids from bankers and investors on Tuesday, they said.

Bajaj Finance did not respond to Reuters email for comment.

Here is the list of deals reported so far on March 19:

*Size includes base plus greenshoe for some issues

($1 = 86.5230 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

Corrects to Thursday from Wednesday in first paragraph

Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.

Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.

The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.

Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.

"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.

On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.

Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.

In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.

The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.

Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.

Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.

However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.

"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."

(Reporting by Sethuraman NR; Editing by Savio D'Souza)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Adds RBI lifting restrictions on Kotak Mahindra Bank

Jan 9 (Reuters) - The Reserve Bank of India has started to ease curbs on non-banking financial companies (NBFCs) and banks after they improved their compliance following a series of supervisory restrictions.

High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth, including by the federal finance ministry in a recent report.

The Indian central bank also got a new chief in December with Sanjay Malhotra taking over from Shaktikanta Das.

The following is a list of companies whose restrictions have been removed by the RBI.

KOTAK MAHINDRA BANK

The Reserve Bank of India on Wednesday lifted restrictions on Kotak Mahindra Bank KTKM.NS that had barred the lender from taking on new customers via its online and mobile banking channels, and from issuing new credit cards.

RBI had imposed business restrictions on the lender , asking it to stop adding clients through its online and mobile banking channels and issuing credit cards due to gaps in its IT infrastructure.

ASIRVAD MICRO FINANCE, DMI FINANCE, AROHAN FINANCIAL SERVICES, NAVI FINSERV

The RBI, last month, removed restrictions imposed on DMI Finance and Manappuram Finance-owned MNFL.NS Asirvad Micro Finance with immediate effect.

The regulator had in October barred the two companies, along with Arohan Financial Services and Navi Finserv, from sanctioning and disbursing loans due to "usurious" pricing and charging a significant mark-up over their funding costs.

The same restrictions on Arohan were lifted last week, and from Navi in December.

EDELWEISS ASSET RECONSTRUCTION, ECL FINANCE

The central bank last month lifted restrictions on Edelweiss Asset Reconstruction and ECL Finance, first imposed in May 2024, which barred them from acquiring financial assets or undertaking structured transactions.

The regulator was satisfied with the measures taken to address what it had called "evergreening" of distressed loans.

JM FINANCIAL

A unit of financial services firm JM Financial JMSH.NS in October resumed financing activities related to shares and debentures, including loans for IPO subscriptions after the central bank ended restrictive measures.

The RBI in March barred JM Financial Products from issuing such loans, due to regulatory violations and governance concerns.

IIFL FINANCE

In September, the RBI permitted IIFL Finance to resume issuance of gold loans.

The central bank had barred it from offering gold loans in March, citing concerns about its assessment of gold collateral and violations of the maximum permitted loan-to-value ratio, among other issues.

BAJAJ FINANCE

The RBI in May reversed curbs imposed on India's largest NBFC, Bajaj Finance, allowing it to restart loan disbursals under two of its lending products.

The restrictions were levied in November 2023 due to non-adherence with the central bank's digital lending guidelines.

(Reporting by Nandan Mandayam and Kashish Tandon in Bengaluru; Editing by Varun H K)

(([email protected]; Mobile: +91 9591011727;))

Feb 10 (Reuters) - Bajaj Finance Ltd BJFN.NS:

• ALLOTTED NCDS AGGREGATING 7.6 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nBSE8bBNXG

Further company coverage: BJFN.NS

(([email protected];;))

MUMBAI, Feb 7 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 7.50 billion rupees ($85.8 million) for the reissue of 7.7591% December 2027 bonds, three bankers said on Friday.

The non-banking financial company will offer a yield of 7.77% and had invited bids for the issue from bankers and investors earlier in the day, they said.

The company did not respond to Reuters' request for comment.

Here is the list of deals reported so far on Feb. 7:

*Size includes base plus greenshoe for some issues

($1 = 87.4070 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

MUMBAI, Feb 6 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 45 billion rupees ($514 million), including a greenshoe option of 37.50 billion rupees, through the reissue of 7.7591% December 2027 bonds, three bankers said on Thursday.

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

The company did not immediately respond to Reuters' request for comment.

Here is the list of deals reported so far on Feb. 6:

*Size includes base plus greenshoe for some issues

($1 = 87.5470 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))

MUMBAI, Feb 4 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($57.49 million) for the reissue of 7.60% Feb 2030 bonds, three bankers said on Tuesday.

The non-banking finance company will offer a yield of 7.74% and had invited bids for the issue from bankers and investors on Monday, they said.

The company did not immediately respond to a Reuters request for comment.

Here is the list of deals reported so far on Feb. 4

*Size includes base plus greenshoe for some issues

($1 = 86.9720 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

(([email protected]))

MUMBAI, Jan 31 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 30 billion rupees ($346.31 million), which includes a greenshoe option of 25 billion rupees, through reissue of 7.60% Feb 2030 bonds, three bankers said on Friday.

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

The company did not immediately respond to a Reuters request for comment.

Here is the list of deals reported so far on Jan. 31:

*Size includes base plus greenshoe for some issues

($1 = 86.6280 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Varun H K)

(([email protected]))