BAJAJHFL

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:

*Size includes base plus greenshoe for some issues

($1 = 95.9650 Indian rupees)

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

((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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:

*Size includes base plus greenshoe for some issues

($1 = 95.8700 Indian rupees)

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

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

** Bajaj Housing Finance BAJO.NS up 0.2% at 91.13 rupees

** Co's Q4 profit rises 14% rise to 6.69 billion rupees ($70.8 million) vs year-ago 5.87 billion rupees

** Net interest income falls to 9.45 billion rupees vs 9.63 billion rupees in Q3, even as loan assets expand 5.5% q/q

** Assets under management rises 23% y/y to 1.41 trillion rupees

** Ambit Capital expects lending spreads to narrow by ~20 bps in FY27, driven by further decline in yields amid intense competitive pressure

** Says, "... Spreads should continue to see pressure in FY27"

** Stock rated "hold" on avg; median PT is 94.5 rupees, per data compiled by LSEG

** YTD, BAJO down 3.5%

($1 = 94.4600 Indian rupees)

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))

BENGALURU, April 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS reported higher fourth-quarter profit on Monday, helped by steady loan growth and improving asset quality, as the country's biggest non-bank home loan financier by market value closed out its second full fiscal year as a listed company.

The country's biggest non-bank home loan financier by market value reported a 14% rise in fourth-quarter profit to 6.69 billion rupees ($71.03 million) for the three months ended March 31, higher than 5.87 billion in the same quarter last year.

($1 = 94.1900 Indian rupees)

(Reporting by Pranav Kashyap in Bengaluru; Editing by Rashmi Aich)

((pranav.kashyap@tr.com; +919886482111;))

MUMBAI, April 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($107.05 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.25% January 2029 bonds, three bankers said on Wednesday.

It has invited commitment bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters email seeking comment.

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

*Size includes base plus greenshoe for some issues

($1 = 93.4170 Indian rupees)

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

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

April 3 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:

• AUM GREW 23% Y/Y AS OF 31 MARCH 2026

• Q4 GROSS DISBURSEMENT AT ABOUT 175.30 BILLION RUPEES

Source text: ID:nNSELJ4CF

Further company coverage: BAJO.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, Feb 27 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($54.97 million) via the reissue of 7.25% January 2029 bonds, three bankers said on Friday.

The company will offer a yield of 7.27% 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 February 27:

*Size includes base plus greenshoe for some issues

($1 = 90.9590 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

MUMBAI, Feb 26 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($165 million) through the reissue of 7.25% January 2029 bonds, three bankers said on Thursday.

It has invited 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 February 26:

*Size includes base plus greenshoe for some issues

($1 = 90.8970 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

MUMBAI, Feb 18 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($110.28 million) for the reissue of 7.10% October 2028 bonds, three bankers said on Wednesday.

It will offer a yield of 7.29% 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 February 18:

*Size includes base plus greenshoe for some issues

($1 = 90.6770 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

Feb 2 (Reuters) - India's Bajaj Housing Finance BAJO.NS reported a rise in quarterly profit growth on Monday, helped by steady loan growth despite higher competition from banks.

The country's biggest non-bank home loan financier by market value reported a 21% rise in third-quarter profit to 6.65 billion Indian rupees ($72.63 million) for the three months ended December 31, higher than the 18% growth in the preceding quarter.

The pace of profit growth was somewhat slower compared to the 25% registered in the same quarter last year.

The premium housing segment is seeing stiff competition in the last few months as banks have started offering home loans at lower rates than non-banking finance companies (NBFC).

Bajaj Housing Finance in November had said to sustain its growth it will continue to push forward in the home loans segment despite rising competition by expanding its reach across markets and customer segments. In July, the lender had forecast loan growth at 21-23% for the current financial year, compared to 26% last fiscal.

The company's assets under management rose 23% year-on-year to 1.33 trillion rupees for the quarter ended December 31.

Net interest income, the difference between interest earned and paid, rose 19% to 9.63 billion rupees.

Asset quality was largely stable, with gross bad loans as a percentage of total loans at 0.27% at the end of December, from 0.26% three months earlier and 0.29% in the same period a year ago.

The company's shares ended flat ahead of the results.

($1 = 91.5540 Indian rupees)

(Reporting by Nishit Navin; Editing by Ronojoy Mazumdar)

((Nishit.Navin@thomsonreuters.com;))

MUMBAI, Jan 21 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 25 billion rupees ($273.67 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue later 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 January 21:

*Size includes base plus greenshoe for some issues

($1 = 91.3500 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

MUMBAI, Jan 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS is set to raise 15 billion rupees ($166.60 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.10% October 2028 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 January 8:

*Size includes base plus greenshoe for some issues

($1 = 90.0375 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

Dec 2 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:

• BAJAJ FINANCE - SOLD EQUITY SHARES OF BAJAJ HOUSING FINANCE LIMITED

• BAJAJ FINANCE - CONSIDERATION RECEIVED FROM SALE WAS 15.88 BILLION RUPEES

Source text: ID:nBSE56mSvX

Further company coverage: BAJO.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, Nov 13 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($56.9 million) for the reissue of 7.10% October 2028 bond, three bankers said on Thursday.

It will offer a yield of 6.95% on this issue and had invited bids 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 November 13:

*Size includes base plus greenshoe for some issues

($1 = 88.63 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

MUMBAI, Oct 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($112.7 million), which includes a greenshoe option of 5 billion rupees, through a sale of bonds maturing in two years and three months, two merchant bankers said on Thursday.

The company has invited bids from bankers and investors on Friday, the bankers said.

Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.

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

*Size includes base plus greenshoe for some issues

($1 = 88.7740 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra, Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

Oct 3 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:

• COMPANY DISBURSES 159 BILLION RUPEES IN Q2 COMPARED TO 120.14 BILLION RUPEES YEAR AGO

• BAJAJ HOUSING FINANCE LTD - AUM GROWS 24% TO 1.27 TRILLION RUPEES AS OF 30 SEPTEMBER 2025

• BAJAJ HOUSING FINANCE LTD - LOAN ASSETS AT 1.13 TRILLION RUPEES AS OF 30 SEPTEMBER 2025

Source text: ID:nNSE6k5qn5

Further company coverage: BAJO.NS

((Reutersbriefs@thomsonreuters.com;))

MUMBAI, Sept 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($113.27 million)including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years and one month, three merchant bankers said on Friday.

The company has invited bids from bankers and investors later in the day, the bankers said.

Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on September 12:

*Size includes base plus greenshoe for some issues

($1 = 88.2810 Indian rupees)

(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Sumana Nandy)

((Dharamraj.dhutia@tr.com and Khushi.malhitra@tr.com))

July 17 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:

• ALLOTTED NCDS AGGREGATING TO 10 BILLION RUPEES ON PRIVATE PLACEMENT BASIS

Source text: ID:nNSE78myvH

Further company coverage: BAJO.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, July 15 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($116.5 million), including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years, three merchant bankers said on Tuesday.

The company will pay a coupon of 6.97% and has invited bids from bankers and investors on Wednesday, the bankers said.

Bajaj Housing Finance did not immediately reply to a Reuters email seeking comment.

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

*Size includes base plus greenshoe for some issues

($1 = 85.8600 Indian rupees)

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

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

MUMBAI, July 9 (Reuters) - India's Bajaj Housing Finance BAJO.NS accepted bids worth 10 billion rupees ($116.7 million) for the reissue of 7.08% June 2030 bonds, three merchant bankers said on Wednesday.

The company will offer a yield of 7.16%, and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

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

*Size includes base plus greenshoe for some issues

($1 = 85.6780 Indian rupees)

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

((Dharamraj.dhutia@tr.com; Khushi.malhotra@tr.com))

MUMBAI, July 8 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($175.1 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.08% June 2030 bonds, three merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on July 8:

*Size includes base plus greenshoe for some issues

($1 = 85.6650 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

((Dharamraj.dhutia@tr.com))

July 3 (Reuters) - Bajaj Housing Finance Ltd BAJO.NS:

• BAJAJ HOUSING FINANCE LTD - Q1 FY26 DISBURSEMENTS AT 146.40 BILLION RUPEES

• BAJAJ HOUSING FINANCE LTD - AUM GROWS 24% TO 1.20 TRILLION RUPEES AS OF JUNE 30

Source text: ID:nNSE9vgbx

Further company coverage: BAJO.NS

((Reuters.Briefs@thomsonreuters.com;;))

Adds details on insurance deals in paragraphs 15-17

By Charlie Conchie

LONDON, July 1 (Reuters) - Indian financial services group Bajaj Finserv has increased its customer target to 250 million in the next four years, chairman and managing director Sanjiv Bajaj told Reuters, betting on strong growth in the South Asian economy.

Bajaj Finserv, one of India’s biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected.

"(It's) very promising. We've added 10 million new customers in the last two years," Bajaj told Reuters.

The largest company in the century-old Bajaj Group, Bajaj Finserv has about 92 million active customers in India across divisions including lending, asset management and insurance. The Bajaj Group holds a 55% stake in the financial services company, which is listed on the National Stock Exchange of India.

Bajaj told Reuters in an interview in London that Bajaj Finserv had reached only about 30% to 40% of its potential market and was looking to accelerate growth by targeting India's burgeoning middle class and first-time borrowers.

Bajaj Finserv's largest subsidiary, Bajaj Finance, typically provides loans to small businesses and consumers to fund purchases of household and electrical goods, as well as mortgages via its property finance arm, Bajaj Housing Finance.

The biggest risk to the company's growth plans is that the Indian economy falls short of an 8% growth rate, Bajaj said, which economists believe it needs to meet its goal of becoming a developed nation.

While India's central government has set out plans to lift economic growth, there was a danger this did not translate to a state level, he added.

"The states rightly still have a lot of power, and I hope politics doesn't get the better of economics over there, because then it will deny us that additional opportunity to grow," Bajaj said.

Bajaj Finserv sees customers' ability to repay loans improving from here, he added.

While profit at the firm rose to $1.1 billion in the 12 months to the end of March, up from $900 million the previous year, Bajaj Finserv has set aside cash to cover losses in its loan book since 2020.

The net loss ratio at the company's flagship lending arm Bajaj Finance has reached about 0.7% in the last four or five years, Bajaj said, indicating a "little higher stress".

"Post-COVID, we initially saw a period of stress where we saw revenge buying happening all over the world," he said, referring to the trend of customers spending on expensive goods after the pandemic.

"So actually credit performance improved, and then it (has) started normalising to say 2019 pre-COVID levels. We think by and large it's normalised there; another couple of quarters and it should be fine."

Bajaj Finserv agreed a deal to buy out Allianz from two general and life insurance joint ventures in March for around 2.6 billion euros.

The deal, which is awaiting approval from regulators, will be funded by Bajaj Finserv internally, Bajaj said.

"Neither of the insurance companies has needed capital for the last 8-10 years, so the internal reserves have supported their growth, and that's why we've never felt the need to go to an outside investor for capital," he said.

Bajaj said the company had begun using artificial intelligence chatbots to grant loans and speak with customers and the technology would be central to its growth plans.

Asked if the company could consider international expansion in the future, Bajaj said: "We don't have plans yet, but it could be".

(Reporting by Charlie Conchie
Editing by Mark Potter)

((Charlie.Conchie@thomsonreuters.com; +44 7787306777;))

MUMBAI, June 11 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 35 billion rupees ($409.4 million) for two-year and two-month bonds and five-year bonds, two merchant bankers said on Wednesday.

The company will pay an annual coupon of 6.90% and 7.08% on these issues and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 11:

*Size includes base plus greenshoe for some issues

($1 = 85.5000 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 10 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 35 billion rupees ($409.1 million), which includes a greenshoe option of 15 billion rupees, through the sale of two-year and two-month bonds and five-year bonds, two merchant bankers said on Tuesday.

The company has invited bids from bankers and investors earlier on Wednesday, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 10:

*Size includes base plus greenshoe for some issues

($1 = 85.5650 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 4 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees ($58.19 million) for the reissue of 7.02% May 2028 bonds, two merchant bankers said on Wednesday.

The company will offer a yield of 7.01% on this issue and had invited bids from bankers and investors earlier in the day.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 4:

*Size includes base plus greenshoe for some issues

($1 = 85.9200 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

MUMBAI, June 3 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 10 billion rupees ($117.03 million), which includes 5 billion rupees of a greenshoe option, through reissue of 7.02% May 2028 bonds, two merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 3:

*Size includes base plus greenshoe for some issues

($1 = 85.4450 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

MUMBAI, May 23 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 8.35 billion rupees ($97.92 million) for bonds maturing in three years, two merchant bankers said on Friday.

The company will pay an annual coupon of 7.02% and had invited bids from bankers and investors earlier in the day, they said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on May 23:

*Size includes base plus greenshoe for some issues

($1 = 85.2700 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Shilpi Majumdar)

((Dharamraj.dhutia@tr.com))

MUMBAI, April 29 (Reuters) - India's Bajaj Housing Finance BAJO.NS plans to raise 15 billion rupees ($176 million), including a greenshoe option of 10 billion rupees, selling bonds maturing in one year and 10 months, two merchant bankers said on Tuesday.

The company has invited bids from bankers and investors on Wednesday, the bankers said.

Bajaj Housing Finance did not reply to a Reuters email seeking comment.

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

*Size includes base plus greenshoe for some issues

($1 = 85.2175 Indian rupees)

(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)

((Dharamraj.dhutia@tr.com))

** Shares of Bajaj Housing Finance Ltd BAJO.NS rise 1.5% to 133.8 rupees

** Mortgage lender reported 54% jump in Q4 profit, helped by lower credit costs

** However, analysts flag growth challenges as residential project launches slow down and competition with banks intensifies

** Goldman Sachs maintains "sell", says BAJO's current price bakes in sustained compounded loan growth of over 25%, which is unlikely and makes stock expensive

** Adds, with competition intensifying in FY26 and housing launches slowing, BAJO will see limited marker share gains

** Ambit Capital also maintains "sell" on costly valuations, says foray into affordable housing "is unlikely to move the needle on growth"

** Analysts tracking stock rate it "buy" on avg - data compiled by LSEG

** BAJO up 5% YTD

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))