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

Poonawalla Fincorp

11/07/2025 12:31

MUMBAI, July 11 (Reuters) - India's Poonawalla Fincorp plans to raise 15 billion rupees ($174.88 million) including a greenshoe option of 7.50 billion rupees, through sale of bonds maturing in two years and two months, three merchant bankers said on Friday.

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

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

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

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
2 years and 2 months
To be decided
7.5+7.5
July 14
AAA (Crisil)
L&T Finance
2 years
7.12
5+5
July 14
AAA (India Ratings, Crisil)
Tata Capital
2 years and 2 months
To be decided
10+5
July 14
AAA (Icra, Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.7710 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))