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

Poonawalla Fincorp

26/05/2025 12:20

MUMBAI, May 26 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise 25 billion rupees ($293.8 million), which includes a greenshoe option of 8.75 billion rupees, through the sale of bonds maturing in two years and reissue of 7.65% June 2028 bonds, two merchant bankers said on Monday.

The company has invited bids from investors and bankers on Tuesday, the bankers said.

Poonawalla Fincorp did not reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on May 26:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
2 years
7.60
11.25+3.75
May 27
AAA (Crisil)
Poonawalla Fincorp 
June 2028 reissue
3 year and 1 month
7.65 (yield)
5+5
May 27
AAA (Crisil)
Jio Credit
3 years
To be decided
10+5
May 27
AAA (Crisil, Care)
IRFC
3 years
To be decided
5+25
May 28
AAA (Crisil, Care, Icra)
IRFC
5 years
To be decided
5+25
May 28
AAA (Crisil, Care, Icra)
NABARD Sept 2028 reissue
3 years and 4 months
To be decided
20+50
May 28
AAA (Crisil, India rating)
L&T Finance
2 year and 1 month
7.2092
7.50
May 26
AAA (India Ratings, Icra)
L&T Finance June 2028 reissue
3 year and 1 month
7.2509 (yield)
7.50
May 26
AAA (India Ratings, Icra)
Aditya Birla Capital
2 years and 9 months
7.38
7.20
May 23
AAA(Crisil)
Aditya Birla Capital
4 years and 6 months
7.47
3.75
May 23
AAA(Crisil)
Aditya Birla Capital Feb 2030 reissue
4 years and 9 months
7.52 (yield)
6.80
May 23
AAA(Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.0980 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))