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

Poonawalla Fincorp

18/02/2026 10:36

MUMBAI, Feb 18 (Reuters) - India's Poonawalla Fincorp POON.NS has accepted bids worth 10 billion rupees ($110.29 million) in a sale of bonds maturing in two years and four months, three bankers said on Wednesday.

It will pay a coupon of 7.8788% and had invited commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on February 18:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
2 years and 4 months
7.8788
10
February 18
AAA(Crisil,Care)
Bajaj Housing Finance 2028 bond reissue
2 years and 8 months
7.29 (yield)
10
February 18
AAA (Crisil)
REC
2 years
6.95
28.35
February 18
AAA (Icra, Crisil, Care)
NaBFID
3 year and 1 month
To be decided
10+40
February 20
AAA (Crisil, Icra, India Ratings)
Shriram Pistons
18 months
7.30 (quarterly)
5
February 20
AA+ (India Ratings)
Shriram Pistons
2 years
7.35 (quarterly)
5
February 20
AA+ (India Ratings)

     *Size includes base plus greenshoe for some issues

($1 = 90.6740 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)

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