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    POONAWALLA — Poonawalla Fincorp News Story

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    India New Issue-Poonawalla Fincorp to issue over 5-year bonds, bankers say

    Picture of Poonawalla Fincorp logoPoonawalla Fincorp
    23/06/2025 03:41
    MUMBAI, June 23 (Reuters) - India's Poonawalla Fincorp plans to raise 16 billion rupees ($184.84 million) selling bonds maturing in five years and six months, three merchant bankers said on Monday.

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

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

  Here is the list of deals reported so far on June 23:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Poonawalla Fincorp5 years and 6 monthsTo be decided16June 24AAA (Crisil)
    

* Size includes base plus greenshoe for some issues

($1 = 86.5600 Indian rupees)

 (Reporting by Dharamraj Dhutia)

 ((Dharamraj.dhutia@tr.com))

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