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

Poonawalla Fincorp

21/08/2025 04:56

MUMBAI, Aug 21 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise 5 billion rupees ($57.4 million), including a greenshoe option of 3.5 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 7.52% 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 21:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
2 years and 6 months
7.52
1.5+3.5
August 22
AAA (Crisil
Bajaj Finance
10 years
To be decided
10+40
August 22
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 87.0430 Indian rupees)

 (Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)

 ((Khushi.malhotra@tr.com))