ReutersReuters

Poonawalla Fincorp accepts bids for over 2-year bonds, bankers say

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India's Poonawalla Fincorp POONAWALLA accepted bids worth 7.8 billion rupees ($90.70 million) for bonds maturing in two years and two months, three merchant bankers said on Monday.

The company will pay a coupon of 7.5285% and had invited bids from investors and bankers earlier in the day, the bankers said.

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

Here is the list of deals reported so far on July 14:

Issuer

Poonawalla Fincorp

Tenure

2 years and 2 months

Coupon (in %)

7.5285

Issue size (in bln rupees)*

7.8

Bidding date

July 14

Rating

AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.9950 Indian rupees)

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