India New Issue-Poonawalla Fincorp accepts bids for bond issue, bankers say
24/06/2025 10:24
MUMBAI, June 24 (Reuters) - India's Poonawalla Fincorp POON.NS has accepted bids worth 16 billion rupees ($186.09 million) for bonds maturing in five years and six months, three merchant bankers said on Tuesday. The company will pay an annual coupon of 7.70% and had invited bids from investors and bankers earlier in the day, the bankers said. The company did not respond to a Reuters email seeking comment. Here is the list of deals reported so far on June 24:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Poonawalla Fincorp | 5 years and 6 months | 7.70 | 16 | June 25 | AAA (Crisil) |
| Aditya Birla Housing Finance | 5 years | linked to t-bill yield | 2+3 | June 25 | AAA (Icra, Crisil) |
| Samvardhana Motherson | 5 years | 6.80 | 20+5 | June 25 | AAA (Crisil, Icra, India Ratings) |
| Muthoot Finance | 2 years and 5 months | 8.05 | 5+5 | June 25 | AA+ (Crisil, Icra) |
| L&T Finance | 3 years and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
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