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    POONAWALLA — Poonawalla Fincorp News Story

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

    Picture of Poonawalla Fincorp logoPoonawalla Fincorp
    14/10/2025 04:04
    MUMBAI, Oct 14 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise 30 billion rupees ($338.36 million) through the sale of bonds maturing in one year and five months and through the reissue of September 2027 bonds, two bankers said on Tuesday.

It will pay a coupon of 7.55% and 7.5285%, respectively, and has invited commitment bids for the issue later in the day, they said.

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

 Here is the list of deals reported so far on October 14:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Poonawalla Fincorp1 year and 5 months7.5525October 14AAA (Crisil)
    Poonawalla Fincorp 2027 Reissue1 year and 9 months7.52855October 14AAA (Crisil)
    

   * Size includes base plus greenshoe for some issues

   ($1 = 88.6630 Indian rupees)

 (Reporting by Khushi Malhotra, Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))

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