India’s Bajaj Finance accepts bids on 3-year bonds – traders

India’s Bajaj Finance accepts bids on 3-year bonds – traders

Author of the article:


Article content

MUMBAI — India’s Bajaj Finance Ltd has accepted bids worth 5.50 billion rupees ($69.21 million) on its bonds maturing in three years, three merchant bankers said on Monday.

The non-banking finance company will pay an annual coupon of 7.38% and had invited bids from bankers and investors for the same on Friday, they said.

The notes are rated AAA by CRISIL and India Ratings and the issue will close for subscription on Monday. ($1 = 79.4700 Indian rupees) (Reporting by Dharamraj Lalit Dhutia Editing by Vidya Ranganathan)

Article content

Top Stories Newsletter logo

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Write a comment

Your email address will not be published. All fields are required