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

Poonawalla Fincorp

14/07/2026 11:22

    MUMBAI, July 14 (Reuters) - India's Poonawalla Fincorp POON.NS plans to raise up to 5 billion rupees ($51.98 million), including a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in three years and two months, three bankers said on Tuesday.
It will pay a coupon of 8.1390% and has invited commitment bids for the issue on Wednesday, 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 14: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Poonawalla Fincorp
3 years and 2 months
8.1390
2.5+2.5
July 15
AAA (Crisil, Care)

            REC
          
4 year, 11 months and 14 days
To be decided
5+25
July 15
AAA (Care, Crisil)

*Size includes base plus greenshoe for some issues

($1 = 96.2000 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))