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    POONAWALLA — Poonawalla Fincorp News Story

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    India New Issue-Poonawalla Fincorp accepts bids for over 2-year bonds, bankers say

    Picture of Poonawalla Fincorp logoPoonawalla Fincorp
    14/07/2025 08:46
    MUMBAI, July 14 (Reuters) - India's Poonawalla Fincorp POON.NS accepted bids worth 7.8 billion rupees ($90.70 million) for bonds maturing in two years and two months, three merchant bankers said on Monday.

The company will pay a coupon of 7.5285% 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 July 14:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Poonawalla Fincorp2 years and 2 months7.52857.8July 14AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 85.9950 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Vijay Kishore)

 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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