India New Issue-Piramal Finance to issue near 3-year bonds, bankers say
10/09/2025 11:16
MUMBAI, Sept 10 (Reuters) - India's Piramal Finance DWNH.M3 plans to raise 7.5 billion rupees ($85.13 million), including a greenshoe option of 6.25 billion rupees, through the sale of bonds maturing in two years and 11 months, three bankers said on Wednesday. It will pay a coupon of 8.8% and 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 September 10:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Piramal Finance | 2 years and 11 months | 8.8 | 1.25+6.25 | September 11 | Aa (Care) |
| KPI Green Energy | 5 years | 8.5 (quarterly) | 6.7 | September 10 | A- (Icra) |
| Sundaram Finance | 2 years | 7.05 | 10 | September 10 | AAA (Crisil) |
| Bajaj Finance | 3 years and 3 months | 7.24 | 13.5 | September 10 | AAA (Crisil) |
| Manipal Hospitals | 2 years | 9.03 (yield) | 53.10 | September 10 | AA (India Ratings) |
| Poonawalla Fincorp | 3 years | 7.58 | 10 | September 9 | AAA (Crisil) |
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