BAJAJFINSV
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India New Issue-Bajaj Finance accepts bids for 10-year bonds, bankers say
MUMBAI, May 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 10.25 billion rupees ($106.18 million) for bonds maturing in 10 years, three bankers said on Tuesday.
It will pay an annual coupon of 8.08% on this issue, and had invited bids earlier in the day, they said.
The bonds will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.08 | 10.25 | May 19 | AAA (Crisil) |
NIIF Infra Finance 7.88% Aug 2031 reissue | 5 years and 3 months | To be decided | 4+6 | May 20 | AAA (Icra) |
Cholamandalam Investment | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+ (Icra, Care) |
ICICI Home Finance | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA (Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial, reset quarterly) | 27.50+12.50 | May 20 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, May 19 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 10.25 billion rupees ($106.18 million) for bonds maturing in 10 years, three bankers said on Tuesday.
It will pay an annual coupon of 8.08% on this issue, and had invited bids earlier in the day, they said.
The bonds will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | 8.08 | 10.25 | May 19 | AAA (Crisil) |
NIIF Infra Finance 7.88% Aug 2031 reissue | 5 years and 3 months | To be decided | 4+6 | May 20 | AAA (Icra) |
Cholamandalam Investment | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+ (Icra, Care) |
ICICI Home Finance | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA (Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial, reset quarterly) | 27.50+12.50 | May 20 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.5325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
India New Issue-Bajaj Finance to issue 10-year bonds, bankers say
MUMBAI, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years (put option after 3 years) | To be decided | 20+10 | May 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3575 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, May 18 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 30 billion rupees ($311.34 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in 10 years, three bankers said on Monday.
It has invited coupon and commitment bids for the issue on Tuesday, they said, adding that the bond will have a put option after three years.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years (put option after 3 years) | To be decided | 20+10 | May 19 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.3575 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra; Editing by Nivedita Bhattacharjee)
India New Issue-Bajaj Housing Finance accepts bids for 3-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | 7.83 | 5 | May 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9650 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Housing Finance to issue 3-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.8700 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Finance accepts bids for multiple-tenor bonds, bankers say
MUMBAI, May 12 (Reuters) - India's Bajaj Finance BJFN.NS accepts bids worth an aggregate of 28.92 billion rupees ($302.8 million) for sale of bonds maturing in five years and for the reissue of April 2029 bonds, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 8% on the fresh issue and a yield of 7.95% on the reissue, and had invited commitment bids on Monday, 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 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.5075 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, May 12 (Reuters) - India's Bajaj Finance BJFN.NS accepts bids worth an aggregate of 28.92 billion rupees ($302.8 million) for sale of bonds maturing in five years and for the reissue of April 2029 bonds, three bankers said on Tuesday.
The non-bank lender will pay a coupon of 8% on the fresh issue and a yield of 7.95% on the reissue, and had invited commitment bids on Monday, 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 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.5075 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India's Bajaj Finance jumps after reaffirming FY27 profit, growth outlook
April 30 (Reuters) - Shares of India's Bajaj Finance BJFN.NS climbed about 4.7% on Thursday after it reiterated optimism about fiscal 2027 profits and maintained its long-term growth forecast despite the current slowdown in small business lending.
The non-bank lender's shares were trading at 973.50 rupees at 9:23 a.m. and were the top gainer on the benchmark Nifty 50 index .NSEI.
(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
April 30 (Reuters) - Shares of India's Bajaj Finance BJFN.NS climbed about 4.7% on Thursday after it reiterated optimism about fiscal 2027 profits and maintained its long-term growth forecast despite the current slowdown in small business lending.
The non-bank lender's shares were trading at 973.50 rupees at 9:23 a.m. and were the top gainer on the benchmark Nifty 50 index .NSEI.
(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
India's Bajaj Finance posts higher profit on loan growth, lower provisions
Adds details throughout
BENGALURU, April 29 (Reuters) - India's Bajaj Finance BJFN.NS posted a 22% rise in fourth-quarter profit on Wednesday, helped by lower bad loan provisions and steady loan growth.
The non-banking financial company's consolidated net profit rose to 54.65 billion rupees for the quarter ended March 31, largely in line with analysts' estimate of 54.9 billion rupees, per data compiled by LSEG.
The company, India's largest non-bank lender by market value, has been grappling with elevated bad loans, particularly in its micro, small and medium enterprises (MSME) segment, saw its provisions drop as it adopted a more cautious lending approach to riskier segments.
Bajaj Finance's loan losses and provisions fell to 20.08 billion rupees compared to 21.67 billion rupees a year earlier.
It reported a 22% year-on-year rise in asset under management for the fourth quarter, with new loan bookings up 20.5%, the company said earlier this month.
(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru; Editing by Sonia Cheema)
Adds details throughout
BENGALURU, April 29 (Reuters) - India's Bajaj Finance BJFN.NS posted a 22% rise in fourth-quarter profit on Wednesday, helped by lower bad loan provisions and steady loan growth.
The non-banking financial company's consolidated net profit rose to 54.65 billion rupees for the quarter ended March 31, largely in line with analysts' estimate of 54.9 billion rupees, per data compiled by LSEG.
The company, India's largest non-bank lender by market value, has been grappling with elevated bad loans, particularly in its micro, small and medium enterprises (MSME) segment, saw its provisions drop as it adopted a more cautious lending approach to riskier segments.
Bajaj Finance's loan losses and provisions fell to 20.08 billion rupees compared to 21.67 billion rupees a year earlier.
It reported a 22% year-on-year rise in asset under management for the fourth quarter, with new loan bookings up 20.5%, the company said earlier this month.
(Reporting by Pranav Kashyap and Nishit Navin in Bengaluru; Editing by Sonia Cheema)
India's Bajaj Housing Finance posts 14% profit rise, margins under pressure
Rewrites throughout, adds details
BENGALURU, April 27 (Reuters) - Indian non-bank lender Bajaj Housing Finance BAJO.NS reported a 14% rise in quarterly profit on Monday, as strong loan growth helped offset narrowing margins competition in the home-loan market intensifying.
Credit demand in India gained momentum in the second half of the fiscal year that ended in March, as easing inflation and lower taxes supported household spending and corporate borrowing.
Bajaj Housing Finance, India's largest non-bank home loan financier by market value, has been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide.
The company's assets under management rose 23% year-on-year to 1.41 trillion rupees ($14.97 billion) for the quarter ended March 31, with loan disbursements also jumping 23% to 175.06 billion rupees.
Net interest income - the difference between interest earned and paid - fell to 9.45 billion rupees from 9.63 billion rupees in the preceding quarter, even as loan assets expanded 5.5% sequentially, underscoring the margin compression playing out across the housing finance sector.
The company's portfolio yield - the weighted average return on the loan book - stood at 9.1% in the March quarter, down from 9.7% a year earlier, as competitive pressure from banks pushed home loan pricing lower.
The gross spread - the difference between the portfolio yield and the cost of funds, a key measure of lending profitability - narrowed to 3% from 3.2% in the preceding quarter, as lower rates are typically transmitted faster to lending rates than to borrowing costs.
Bajaj Housing Finance's net interest margin slipped to 3.8% from 4% in the previous quarter.
Asset quality was largely stable, with gross bad loans as a percentage of total loans holding at 0.27% at the end of March, unchanged from three months earlier.
Profit rose to 6.69 billion rupees from 5.87 billion in the same quarter last year.
The firm's lease rental discounting portfolio, backed by commercial rental income, emerged as the fastest-growing segment, surging 44% year-on-year and accounting for nearly one-fourth of total assets.
($1 = 94.1900 Indian rupees)
(Reporting by Pranav Kashyap in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
((pranav.kashyap@tr.com; +919886482111;))
Rewrites throughout, adds details
BENGALURU, April 27 (Reuters) - Indian non-bank lender Bajaj Housing Finance BAJO.NS reported a 14% rise in quarterly profit on Monday, as strong loan growth helped offset narrowing margins competition in the home-loan market intensifying.
Credit demand in India gained momentum in the second half of the fiscal year that ended in March, as easing inflation and lower taxes supported household spending and corporate borrowing.
Bajaj Housing Finance, India's largest non-bank home loan financier by market value, has been expanding its reach into near-prime and affordable home loan segments to diversify its loan portfolio and increase penetration nationwide.
The company's assets under management rose 23% year-on-year to 1.41 trillion rupees ($14.97 billion) for the quarter ended March 31, with loan disbursements also jumping 23% to 175.06 billion rupees.
Net interest income - the difference between interest earned and paid - fell to 9.45 billion rupees from 9.63 billion rupees in the preceding quarter, even as loan assets expanded 5.5% sequentially, underscoring the margin compression playing out across the housing finance sector.
The company's portfolio yield - the weighted average return on the loan book - stood at 9.1% in the March quarter, down from 9.7% a year earlier, as competitive pressure from banks pushed home loan pricing lower.
The gross spread - the difference between the portfolio yield and the cost of funds, a key measure of lending profitability - narrowed to 3% from 3.2% in the preceding quarter, as lower rates are typically transmitted faster to lending rates than to borrowing costs.
Bajaj Housing Finance's net interest margin slipped to 3.8% from 4% in the previous quarter.
Asset quality was largely stable, with gross bad loans as a percentage of total loans holding at 0.27% at the end of March, unchanged from three months earlier.
Profit rose to 6.69 billion rupees from 5.87 billion in the same quarter last year.
The firm's lease rental discounting portfolio, backed by commercial rental income, emerged as the fastest-growing segment, surging 44% year-on-year and accounting for nearly one-fourth of total assets.
($1 = 94.1900 Indian rupees)
(Reporting by Pranav Kashyap in Bengaluru; Editing by Rashmi Aich and Mrigank Dhaniwala)
((pranav.kashyap@tr.com; +919886482111;))
India New Issue-Bajaj Housing Finance accepts bids for bond reissue, bankers say
MUMBAI, April 17 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 10 billion rupees ($107.7 million) for the reissue of 7.25% January 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.59% on this issue and had invited commitment bids 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 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 9 months | 7.59 (yield) | 10 | April 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.8512 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, April 17 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 10 billion rupees ($107.7 million) for the reissue of 7.25% January 2029 bonds, three bankers said on Friday.
The company will offer a yield of 7.59% on this issue and had invited commitment bids 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 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 9 months | 7.59 (yield) | 10 | April 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 92.8512 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
Bajaj Finserv Issues Monthly Update For Bajaj General Insurance, Bajaj Life Insurance
March 9 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ GENERAL INSURANCE FEB GROSS DIRECT PREMIUM UNDERWRITTEN AT 10.94 BILLION RUPEES
BAJAJ LIFE INSURANCE FEBRUARY TOTAL PREMIUM 12.81 BILLION RUPEES
Source text: ID:nNSE3hwcxM
Further company coverage: BJFS.NS
March 9 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ GENERAL INSURANCE FEB GROSS DIRECT PREMIUM UNDERWRITTEN AT 10.94 BILLION RUPEES
BAJAJ LIFE INSURANCE FEBRUARY TOTAL PREMIUM 12.81 BILLION RUPEES
Source text: ID:nNSE3hwcxM
Further company coverage: BJFS.NS
India New Issue-Bajaj Housing Finance accepts bids on bond reissue
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 year and 11 months | 7.27 (yield) | 5 | February 27 | AAA (Crisil) |
PFC | 2 years | 6.96 | 30 | February 27 | AAA (Care, Icra, Crisil) |
PFC | 10 years | 7.31 | 30 | February 27 | AAA (Care, Icra, Crisil) |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3 years and 1 month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9590 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 year and 11 months | 7.27 (yield) | 5 | February 27 | AAA (Crisil) |
PFC | 2 years | 6.96 | 30 | February 27 | AAA (Care, Icra, Crisil) |
PFC | 10 years | 7.31 | 30 | February 27 | AAA (Care, Icra, Crisil) |
Bank of Baroda | 7 years | To be decided | 50+50 | March 4 | AAA (Icra, Care) |
NABARD | 3 years and 1 month | 7.10 | 50.55 | February 27 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 90.9590 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Housing Finance to reissue January 2029 bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+10 | February 27 | AAA (Crisil) |
NABARD | 3 years and 1 month | To be decided | 20+60 | February 27 | AAA (Icra, Crisil) |
Canara Bank | 10 years | 7.24 | 50 | February 26 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 90.8970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 2 years and 11 months | To be decided | 5+10 | February 27 | AAA (Crisil) |
NABARD | 3 years and 1 month | To be decided | 20+60 | February 27 | AAA (Icra, Crisil) |
Canara Bank | 10 years | 7.24 | 50 | February 26 | AAA (India Ratings, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 90.8970 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
India New Issue-India's Bajaj Housing Finance accepts bids for bond reissue, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 2028 bond reissue | 2 years and 8 months | 7.29 (yield) | 10 | February 18 | AAA (Crisil) |
REC | 2 years | 6.95 | 28.35 | February 18 | AAA (Icra, Crisil, Care) |
NaBFID | 3 year and 1 month | To be decided | 10+40 | February 20 | AAA (Crisil, Icra, India Ratings) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.6770 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance 2028 bond reissue | 2 years and 8 months | 7.29 (yield) | 10 | February 18 | AAA (Crisil) |
REC | 2 years | 6.95 | 28.35 | February 18 | AAA (Icra, Crisil, Care) |
NaBFID | 3 year and 1 month | To be decided | 10+40 | February 20 | AAA (Crisil, Icra, India Ratings) |
Shriram Pistons | 18 months | 7.30 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
Shriram Pistons | 2 years | 7.35 (quarterly) | 5 | February 20 | AA+ (India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 90.6770 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
India New Issue-Bajaj Finance accepts bids on 2-year bonds, bankers say
MUMBAI, Feb 11 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($55.1 million) for bonds maturing in two years, three bankers said on Wednesday.
It will pay an annual coupon of 7.31% on this issue and had invited coupon and commitment bids 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 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 years | 7.31 | 5 | February 11 | AAA (Crisil) |
NaBFID | 10 years | 7.45 | 25.54 | February 11 | AAA (Crisil, Icra) |
SIDBI | 3 years and 2 months | 7.22 | 78.66 | February 11 | AAA (Care, Crisil) |
HUDCO | perpetual | 7.87 | 14.42 | February 11 | AAA (Care, Acuite) |
*Size includes base plus greenshoe for some issues
($1 = 90.7275 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Feb 11 (Reuters) - India's Bajaj Finance BJFN.NS has accepted bids worth 5 billion rupees ($55.1 million) for bonds maturing in two years, three bankers said on Wednesday.
It will pay an annual coupon of 7.31% on this issue and had invited coupon and commitment bids 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 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 2 years | 7.31 | 5 | February 11 | AAA (Crisil) |
NaBFID | 10 years | 7.45 | 25.54 | February 11 | AAA (Crisil, Icra) |
SIDBI | 3 years and 2 months | 7.22 | 78.66 | February 11 | AAA (Care, Crisil) |
HUDCO | perpetual | 7.87 | 14.42 | February 11 | AAA (Care, Acuite) |
*Size includes base plus greenshoe for some issues
($1 = 90.7275 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
Bajaj Finserv Q3 Consol Net Profit 22.29 Billion Rupees
Feb 4 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
Q3 CONSOL NET PROFIT 22.29 BILLION RUPEES
Q3 CONSOL TOTAL REV FROM OPS 397.08 BLN RUPEES
ONE-TIME CHARGE OF 3.79 BILLION RUPEES IN Q3 DUE TO NEW LABOUR CODES
Further company coverage: BJFS.NS
Feb 4 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
Q3 CONSOL NET PROFIT 22.29 BILLION RUPEES
Q3 CONSOL TOTAL REV FROM OPS 397.08 BLN RUPEES
ONE-TIME CHARGE OF 3.79 BILLION RUPEES IN Q3 DUE TO NEW LABOUR CODES
Further company coverage: BJFS.NS
India's Bajaj Finance posts profit drop on higher provisions; sees credit cost improving
Adds comments from conference call in paragraphs 6,7,8,10 and 13
By Nishit Navin
Feb 3 (Reuters) - India's Bajaj Finance BJFN.NS reported a surprise decline in quarterly profit on Tuesday as the non-bank lender ramped up provisions to strengthen its balance sheet, even as it expects credit cost to improve going forward.
The non-banking financial company reported a 6% year-on-year drop in consolidated net profit to 39.78 billion rupees ($440.83 million) for the quarter ended December 31.
Analysts, on average, had expected a profit of 51.28 billion rupees, per data compiled by LSEG.
During the quarter, the company introduced a minimum loss-given-default (LGD) threshold - a benchmark for expected loss if a borrower defaults - across its businesses, it said, as the lender sought to strengthen its balance sheet amid global economic uncertainty.
This resulted in additional provisions of about 14.06 billion rupees. Total provisions against potential bad loans rose 77% to 36.25 billion rupees.
"It's purely done as a proactive and voluntary measure by the company," Vice Chairman and Managing Director Rajeev Jain said in a post-earnings call.
The company will continue to apply the defined LGD threshold, which will have some level of "small" annualised impact in the next fiscal, he said.
Indian lenders have grappled with higher bad loans in unsecured segments such as microfinance and loans given to micro, small and medium enterprises (MSME) following a period of aggressive lending. The company has since tightened lending in certain segments to rein in credit costs.
Bajaj Finance expects credit cost - or the expense set aside for potential loan defaults - to improve going forward, estimating it in the range of 1.65%-1.75% in the next fiscal year. It stood at 1.91% for the reporting quarter before the additional provisions.
In November, the diversified lender trimmed its growth forecast for assets under management (AUM) for the current financial year to 22-23% from 24-25%, citing bad loans in its MSME segment.
($1 = 90.2390 Indian rupees)
(Reporting by Nishit Navin; Editing by Sonia Cheema and Leroy Leo)
Adds comments from conference call in paragraphs 6,7,8,10 and 13
By Nishit Navin
Feb 3 (Reuters) - India's Bajaj Finance BJFN.NS reported a surprise decline in quarterly profit on Tuesday as the non-bank lender ramped up provisions to strengthen its balance sheet, even as it expects credit cost to improve going forward.
The non-banking financial company reported a 6% year-on-year drop in consolidated net profit to 39.78 billion rupees ($440.83 million) for the quarter ended December 31.
Analysts, on average, had expected a profit of 51.28 billion rupees, per data compiled by LSEG.
During the quarter, the company introduced a minimum loss-given-default (LGD) threshold - a benchmark for expected loss if a borrower defaults - across its businesses, it said, as the lender sought to strengthen its balance sheet amid global economic uncertainty.
This resulted in additional provisions of about 14.06 billion rupees. Total provisions against potential bad loans rose 77% to 36.25 billion rupees.
"It's purely done as a proactive and voluntary measure by the company," Vice Chairman and Managing Director Rajeev Jain said in a post-earnings call.
The company will continue to apply the defined LGD threshold, which will have some level of "small" annualised impact in the next fiscal, he said.
Indian lenders have grappled with higher bad loans in unsecured segments such as microfinance and loans given to micro, small and medium enterprises (MSME) following a period of aggressive lending. The company has since tightened lending in certain segments to rein in credit costs.
Bajaj Finance expects credit cost - or the expense set aside for potential loan defaults - to improve going forward, estimating it in the range of 1.65%-1.75% in the next fiscal year. It stood at 1.91% for the reporting quarter before the additional provisions.
In November, the diversified lender trimmed its growth forecast for assets under management (AUM) for the current financial year to 22-23% from 24-25%, citing bad loans in its MSME segment.
($1 = 90.2390 Indian rupees)
(Reporting by Nishit Navin; Editing by Sonia Cheema and Leroy Leo)
India's Bajaj Housing posts higher profit on steady loan growth
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)
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)
India New Issue-Bajaj Finance accepts bids for staggered redemption bonds, bankers say
MUMBAI, Jan 27 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 51.20 billion rupees ($558.10 million) for staggered redemption bonds maturing in eight to 10 years, three bankers said on Tuesday.
It will pay a coupon of 7.65% and had invited commitment bids for the issue on Friday, they said.
The company did not respond to a Reuters email seeking confirmation of the transaction.
Here is the list of deals reported so far on January 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 8 to 10 years | 7.65 | 10+45 | January 23 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.7400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; editing by Rashmi Aich)
MUMBAI, Jan 27 (Reuters) - India's Bajaj Finance BJFN.NS accepted bids worth 51.20 billion rupees ($558.10 million) for staggered redemption bonds maturing in eight to 10 years, three bankers said on Tuesday.
It will pay a coupon of 7.65% and had invited commitment bids for the issue on Friday, they said.
The company did not respond to a Reuters email seeking confirmation of the transaction.
Here is the list of deals reported so far on January 27:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 8 to 10 years | 7.65 | 10+45 | January 23 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.7400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; editing by Rashmi Aich)
India New Issue-Bajaj Finance to issue staggered redemption bonds, bankers say
MUMBAI, Jan 23 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 55 billion rupees ($600.47 million), including a greenshoe option of 45 billion rupees, through the sale of staggered redemption bonds maturing in eight to 10 years, three bankers said on Friday.
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 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 8 to 10 years | To be decided | 10+45 | January 23 | AAA (Crisil) |
Cholamandalam Investment and Finance Company | 2 years and 5 months | 7.83 | 10+10 | January 27 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.5950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Jan 23 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise up to 55 billion rupees ($600.47 million), including a greenshoe option of 45 billion rupees, through the sale of staggered redemption bonds maturing in eight to 10 years, three bankers said on Friday.
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 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 8 to 10 years | To be decided | 10+45 | January 23 | AAA (Crisil) |
Cholamandalam Investment and Finance Company | 2 years and 5 months | 7.83 | 10+10 | January 27 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.5950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
India New Issue-Bajaj Housing Finance to issue 3-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+20 | January 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.3500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 3 years | To be decided | 5+20 | January 21 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 91.3500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
Bajaj Finserv and Allianz terminate India JV
Jan 16 (Reuters) - Bajaj Finserv BJFS.NS on Friday bought Germany's Allianz SE's ALVG.DE remaining 50% stake in Bajaj Financial Distributors (BFDL), ending their joint venture and taking full ownership of the business.
Bajaj Finserv has been gradually unwinding its long-standing joint ventures with Allianz SE.
($1 = 90.7310 Indian rupees)
(Reporting by Chandini Monnappa and Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
Jan 16 (Reuters) - Bajaj Finserv BJFS.NS on Friday bought Germany's Allianz SE's ALVG.DE remaining 50% stake in Bajaj Financial Distributors (BFDL), ending their joint venture and taking full ownership of the business.
Bajaj Finserv has been gradually unwinding its long-standing joint ventures with Allianz SE.
($1 = 90.7310 Indian rupees)
(Reporting by Chandini Monnappa and Surbhi Misra in Bengaluru; Editing by Mrigank Dhaniwala)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
India New Issue-Bajaj Housing Finance accepts bids for bond issue, bankers say
MUMBAI, Jan 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees for 7.10% October 2028 bonds, two merchant bankers said on Monday.
The non-banking financial company will offer a yield of 7.08% to the investors and had invited bids on Friday.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on January 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Oct 2028 reissue | 2 year and 9 months | 7.08 (yield) | 5 | January 9 | AAA (Crisil |
Kotak Mahindra Prime | 5 years | To be decided | 5+1 | January 12 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
(Reporting by Dharamraj Dhutia)
MUMBAI, Jan 12 (Reuters) - India's Bajaj Housing Finance BAJO.NS has accepted bids worth 5 billion rupees for 7.10% October 2028 bonds, two merchant bankers said on Monday.
The non-banking financial company will offer a yield of 7.08% to the investors and had invited bids on Friday.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on January 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Oct 2028 reissue | 2 year and 9 months | 7.08 (yield) | 5 | January 9 | AAA (Crisil |
Kotak Mahindra Prime | 5 years | To be decided | 5+1 | January 12 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
(Reporting by Dharamraj Dhutia)
India's Bajaj Group completes acquisition of 23% stake in insurance companies from Allianz
Jan 8 (Reuters) - India's Bajaj Group has completed the acquisition of a 23% stake in its insurance subsidiaries from Allianz SE ALVG.DE for 213.90 billion rupees ($2.38 billion), group firm Bajaj Finserv BJFS.NS said on Thursday.
($1 = 89.9160 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
Jan 8 (Reuters) - India's Bajaj Group has completed the acquisition of a 23% stake in its insurance subsidiaries from Allianz SE ALVG.DE for 213.90 billion rupees ($2.38 billion), group firm Bajaj Finserv BJFS.NS said on Thursday.
($1 = 89.9160 Indian rupees)
(Reporting by Nishit Navin; Editing by Shreya Biswas)
India New Issue-Bajaj Housing Finance accepts bids for bond reissue, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 years | 6.95 | 5 | November 12 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.63 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing | 3 years | 6.95 | 5 | November 12 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.63 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-Bajaj Housing Finance to issue over 2-year bonds, bankers say
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 2 years and 3 months | To be decided | 5+5 | October 10 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7740 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra, Editing by Eileen Soreng)
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:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Housing Finance | 2 years and 3 months | To be decided | 5+5 | October 10 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7740 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra, Editing by Eileen Soreng)
India New Issue-Bajaj Finance to issue 5-year bonds, bankers say
MUMBAI, Sept 26 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($225.3 million) through the sale of bonds maturing in five years, three bankers said on Friday.
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 September 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 5+15 | September 26 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7560 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Sept 26 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 20 billion rupees ($225.3 million) through the sale of bonds maturing in five years, three bankers said on Friday.
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 September 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 5 years | To be decided | 5+15 | September 26 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 88.7560 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sumana Nandy)
Bajaj Allianz General Insurance Reports August Gross Direct Premium Of 20.63 Billion Rupees
Sept 10 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ ALLIANZ GENERAL INSURANCE REPORTS AUGUST GROSS DIRECT PREMIUM OF 20.63 BILLION RUPEES
BAJAJ ALLIANZ LIFE INSURANCE REPORTS AUGUST INDIVIDUAL SINGLE PREMIUM OF 649 MILLION RUPEES
Source text: ID:nNSE3Vp3qP
Further company coverage: BJFS.NS
Sept 10 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ ALLIANZ GENERAL INSURANCE REPORTS AUGUST GROSS DIRECT PREMIUM OF 20.63 BILLION RUPEES
BAJAJ ALLIANZ LIFE INSURANCE REPORTS AUGUST INDIVIDUAL SINGLE PREMIUM OF 649 MILLION RUPEES
Source text: ID:nNSE3Vp3qP
Further company coverage: BJFS.NS
India New Issue-Bajaj Finance withdraws 10-year bond issue, bankers say
MUMBAI, Aug 22 (Reuters) - Indian non-banking finance company Bajaj Finance BJFN.NS withdrew its planned 10-year bond issue due to higher-than-expected yields, three bankers and traders said on Friday.
It was looking to raise 50 billion rupees ($571.82 million) and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.
($1 = 87.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Aug 22 (Reuters) - Indian non-banking finance company Bajaj Finance BJFN.NS withdrew its planned 10-year bond issue due to higher-than-expected yields, three bankers and traders said on Friday.
It was looking to raise 50 billion rupees ($571.82 million) and had invited commitment bids for the issue earlier in the day, they said.
Bajaj Finance did not immediately respond to a Reuters email seeking comment.
($1 = 87.4400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
India New Issue-Bajaj Finance to issue 10-year bonds, bankers say
MUMBAI, Aug 21 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 50 billion rupees ($574.7 million), which includes a greenshoe option of 40 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Thursday.
The non-banking financial company has invited bids from bankers and investors on Friday, they said.
Bajaj Finance did not respond to a Reuters email for comment.
Here is the list of deals reported so far on August 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | To be decided | 10+40 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.0070 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Aug 21 (Reuters) - India's Bajaj Finance BJFN.NS plans to raise 50 billion rupees ($574.7 million), which includes a greenshoe option of 40 billion rupees, through a sale of bonds maturing in 10 years, three bankers said on Thursday.
The non-banking financial company has invited bids from bankers and investors on Friday, they said.
Bajaj Finance did not respond to a Reuters email for comment.
Here is the list of deals reported so far on August 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Finance | 10 years | To be decided | 10+40 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.0070 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
Bajaj Finserv Q1 Consol Net Profit 27.89 Billion Rupees
July 25 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV Q1 CONSOL NET PROFIT 27.89 BILLION RUPEES
BAJAJ FINSERV Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 354.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: BJFS.NS
July 25 (Reuters) - Bajaj Finserv Ltd BJFS.NS:
BAJAJ FINSERV Q1 CONSOL NET PROFIT 27.89 BILLION RUPEES
BAJAJ FINSERV Q1 CONSOL TOTAL REVENUE FROM OPERATIONS 354.39 BILLION RUPEES
Source text: [ID:]
Further company coverage: BJFS.NS
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What does Bajaj Finserv do?
Bajaj Finserv is one of India’s leading promoters of financial services. The company has diversified portfolio that helps to meet financial needs and build an individual’s financial resilience. Its suite of financial solutions includes savings products, consumer and commercial loans, mortgages, auto financing, securities brokerage services, general and life insurance, and investments. With a vision to be a diversified financial services group with a pan-India presence, it offers lifecycle financial solutions for its various customers.
Who are the competitors of Bajaj Finserv?
Bajaj Finserv major competitors are Shriram Finance, JIO Financial Serv., Power Finance Corp, Muthoot Finance, Chola Invest & Fin., Indian Railway Fin., REC. Market Cap of Bajaj Finserv is ₹2,83,497 Crs. While the median market cap of its peers are ₹1,33,603 Crs.
Is Bajaj Finserv financially stable compared to its competitors?
Bajaj Finserv seems to be less financially stable compared to its competitors. Altman Z score of Bajaj Finserv is 0.34 and is ranked 8 out of its 8 competitors.
Does Bajaj Finserv pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Bajaj Finserv latest dividend payout ratio is 1.8% and 3yr average dividend payout ratio is 1.91%
How has Bajaj Finserv allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Bajaj Finserv balance sheet?
Bajaj Finserv balance sheet is weak and might have solvency issues
Is the profitablity of Bajaj Finserv improving?
Yes, profit is increasing. The profit of Bajaj Finserv is ₹19,653 Crs for TTM, ₹8,872 Crs for Mar 2025 and ₹8,148 Crs for Mar 2024.
Is the debt of Bajaj Finserv increasing or decreasing?
The net debt of Bajaj Finserv is decreasing. Latest net debt of Bajaj Finserv is -₹17,618.04 Crs as of Mar-26. This is less than Mar-25 when it was ₹3,23,163 Crs.
Is Bajaj Finserv stock expensive?
Bajaj Finserv is not expensive. Latest PE of Bajaj Finserv is 28.61, while 3 year average PE is 39.82. Also latest EV/EBITDA of Bajaj Finserv is 4.63 while 3yr average is 9.0.
Has the share price of Bajaj Finserv grown faster than its competition?
Bajaj Finserv has given better returns compared to its competitors. Bajaj Finserv has grown at ~5.18% over the last 2yrs while peers have grown at a median rate of -3.68%
Is the promoter bullish about Bajaj Finserv?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Bajaj Finserv is 58.71% and last quarter promoter holding is 58.81%
Are mutual funds buying/selling Bajaj Finserv?
The mutual fund holding of Bajaj Finserv is increasing. The current mutual fund holding in Bajaj Finserv is 8.35% while previous quarter holding is 7.73%.