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    POONAWALLA — Poonawalla Fincorp News Story

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    India New Issue-Poonawalla Fincorp accepts bids for bond issue, bankers say

    Picture of Poonawalla Fincorp logoPoonawalla Fincorp
    19/05/2025 05:53
    MUMBAI, May 19 (Reuters) - India's Poonawalla Fincorp POON.NS has accepted bids worth 5.65 billion rupees ($178.6 million) for bonds maturing in three years and one month, two merchant bankers said on Monday.

The company will pay a coupon of 7.65% on this issue and had invited bids from investors and bankers on Friday, the bankers said.

The company did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on May 19:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Poonawalla Fincorp3 year and 1 month7.655.65May 16AAA (Crisil)
    Tata Capital Housing Finance2 year and 2 monthsTo be decided7.50+7.50May 20AAA (Crisil)
    Tata Capital Housing Finance3 year and 2 monthsTo be decided5+5May 20AAA (Crisil)
    Tata Capital Housing Finance5 yearsTo be decided1+4May 20AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

 (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

 ((Dharamraj.dhutia@tr.com))

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