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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