India New Issue-Poonawalla Fincorp accepts bids for over 2-year bonds, bankers say
India New Issue-Poonawalla Fincorp accepts bids for over 2-year bonds, bankers say MUMBAI, July 3 (Reuters) - India's Poonawalla Fincorp POON.NS accepted bids worth 5 billion rupees ($52.46 million) for bonds maturing in two years and four months, three bankers said on Friday.
It will pay a coupon of 8.0568% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Poonawalla Fincorp | 2 years and 4 months | 8.0568 | 5 | July 2 | AAA (Crisil) |
Axis Finance | 3 years and 1 month | 7.81 | 6 | July 2 | AAA(Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.3150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, Khushi Malhotra))
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