India's Bajaj Finance NSE:BAJFINANCE 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 CapitalApr 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)