India New Issue-Poonawalla Fincorp to issue 2-1/2 year bonds, bankers say

Poonawalla Fincorp

13/08/2026 12:33

MUMBAI, Aug 13 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise up to 7.5 billion rupees ($78.58 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in two years and six months, three bankers said on Thursday. 
It will pay a coupon of 8.09% and has invited commitment bids for the issue on Friday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

 
 Here is the list of deals reported so far on August 13: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
2 years and 6 months
8.09
2.5+5
August 14
AAA (Crisil, Care)
Aditya Birla Capital
5 years
7.98
4.4
August 12
AAA (Crisil, Icra)
Aditya Birla Capital May 2029 Reissue
2 years and 9 months
7.89
4.85
August 12
AAA (Crisil, Icra)
Axis Finance
2 years and 11 months
7.90
8.35
August 12
AAA(Crisil, Care)
NaBFID
15 years
To be decided
10+20
August 14
AAA (Crisil, Icra)
     
*Size includes base plus greenshoe for some issues
     
($1 = 95.4400 Indian rupees)

 (Reporting by Khushi Malhotra)
 ((Khushi.malhotra@tr.com))