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India’s Bajaj Housing Finance to issue 3-year bonds – traders

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MUMBAI — India’s Bajaj Housing Finance Ltd plans to raise at least 100 million rupees ($1.26 million) through a sale of bonds maturing in three years, three merchant bankers said on Wednesday.

The housing finance company has invited bids from from bankers and investors for the same on Thursday, they said.

The notes are rated AAA by CRISIL and the issue will close for subscription on Friday.

The issue has a greenshoe option to retain an additional 9.90 billion rupees and will mature on Aug. 12, 2025. ($1 = 79.5320 Indian rupees) (Reporting by Dharamraj Lalit Dhutia )

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