New Issue-Bajaj Auto Fin to raise 500 mln rupees via 180-day CP

Newswire

BOMBAY, Nov 27 (Reuters) - Financial services company Bajaj Auto Finance Ltd [BJFN.BO] entered the money market on Wednesday to raise 500 million rupees by issuing 180-day commercial paper, dealers said. The company has not specified a coupon, but has invited bids from potential investors, they said. The issue has been assigned a rating of 'P1+' by The Credit Rating and Information Services of India Ltd, indicating highest safety.

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