Poonawalla Fincorp to issue multiple-tenor bonds, bankers say
India's Poonawalla Fincorp 
POONAWALLA plans to raise 30 billion rupees ($338.36 million) through the sale of bonds maturing in one year and five months and through the reissue of September 2027 bonds, two bankers said on Tuesday.
It will pay a coupon of 7.55% and 7.5285%, respectively, and has invited commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Poonawalla Fincorp | 1 year and 5 months | 7.55 | 25 | October 14 | AAA (Crisil) |
Poonawalla Fincorp 2027 Reissue | 1 year and 9 months | 7.5285 | 5 | October 14 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 88.6630 Indian rupees)
