India New Issue-Poonawalla Fincorp accepts bids for over 3-year bonds, bankers say

Poonawalla Fincorp

11/06/2025 08:15

MUMBAI, June 11 (Reuters) - India's Poonawalla Fincorp has accepted bids worth 5 billion rupees ($58.50 million) for bonds maturing in three years and three months, three merchant bankers said on Wednesday.

The company will pay an annual coupon rate of 7.58% and had invited bids from investors and bankers on Wednesday, the bankers said.

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

 Here is the list of deals reported so far on June 11:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
3 years and 3 months
7.58%
5
June 11
AAA (Crisil)
NTPC
10 years
To be decided
7+33
June 13
AAA (Crisil, Icra, Care)
Muthoot Finance May 2028 reissue
3 years
8.10 (yield)
8.60
June 10
AA+ (Crisil, Icra)
Muthoot Finance
April 2030 reissue
4 years and 11 months
8.20 (yield)
1.75
June 10
AA+ (Crisil, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.4670 Indian rupees)

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

 ((Dharamraj.dhutia@tr.com; Khushi.malhotra@thomsonreuters.com))