In today’s briefing:
- Bajaj Housing Finance Pre-IPO – The Negatives – Carrying More Risky Loans
- Morning Views Asia:
Bajaj Housing Finance Pre-IPO – The Negatives – Carrying More Risky Loans
- Bajaj Housing Finance (BHF IN) is looking to raise around US$830m in its upcoming India IPO.
- BHF is a non-deposit taking housing finance company engaged in mortgage lending since FY18. Its mortgage products include home loans, loans against property, lease rental discounting and developer financing.
- In this note, we talk about the not-so-positive aspects of the deal.
Morning Views Asia:
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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