India New Issue-Poonawalla Fincorp to issue multiple tenor bonds - bankers

Poonawalla Fincorp

05/02/2024 02:32

MUMBAI, Feb 5 (Reuters) - India's Poonawalla Fincorp  POON.NS  plans to raise 5 billion
rupees ($60.27 million) through sale of bonds maturing in two years, and another one in two
years and three months, three merchant bankers said on Monday.
    The company will pay a coupon of 8.38% on each issue, and has invited bids from investors
and bankers on Tuesday, they said.
    
 
 Here is the list of deals reported so far on Feb. 5: 
                                                                        
 Issuer       Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                           bln rupees)*    date         
                                                                        
 Poonawalla        2 years           8.38          1+1.50  Feb. 6       AAA (Crisil,
 Fincorp                                                                Careedge)
 Poonawalla    2 years and           8.38          1+1.50  Feb. 6       AAA (Crisil,
 Fincorp          3 months                                              Careedge)
 
* Size includes base plus greenshoe for some issues

    ($1 = 82.9610 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))