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

Poonawalla Fincorp

01/07/2026 09:23

    MUMBAI, July 1 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise up to 7.5 billion rupees ($79.00 million), including a greenshoe option of 5.25 billion rupees, through the sale of bonds maturing in two years and four months, three bankers said on Wednesday. 
It will pay a coupon of 8.0568% and has invited commitment bids for the issue on Thursday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

 Here is the list of deals reported so far on July 1: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Poonawalla Fincrop
2 years and 4 months
8.0568
2.25 + 5.25
July 2
AAA (Crisil)

            Bajaj Housing Finance
          
4 years
7.64
25
June 30
AAA (Crisil)
  * Size includes base plus greenshoe for some issues



($1 = 94.9425 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))