India New Issue-Poonawalla Fincorp to issue over 3-year bonds, bankers say

Poonawalla Fincorp

10/06/2025 11:56

MUMBAI, June 10 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise 5 billion Indian rupees ($58.42 million) through sale of bonds maturing in three years and three months, two merchant bankers said on Tuesday.

The company will pay an annual coupon of 7.58% and has invited bids from investors and bankers on Wednesday, the bankers said.

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

   Here is the list of deals reported so far on June 10:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Poonawalla Fincorp
3 year and 3 months
7.58
5
June 11
AAA (Crisil)
Tata Capital Housing
May 2030 reissue
4 year and 11 months
To be decided
4.50+1.20
June 11
AAA (Crisil)
Bajaj Housing Finance
2 years and 2 months
To be decided
10
June 11
AAA (Crisil)
Bajaj Housing Finance
5 years
To be decided
10+15
June 11
AAA (Crisil)
L&T Finance
3 years
7.23
1.50+7.50
June 11
AAA (India Ratings, Icra)
L&T Finance
June 2027 reissue
2 years
To be decided
1.50+7.50
June 11
AAA (India Ratings, Icra)

*Size includes base plus greenshoe for some issues

($1 = 85.5870 Indian rupees)

 (Reporting by Dharamraj Dhutia)

 ((Dharamraj.dhutia@tr.com))