India's Poonawalla Fincorp NSE:POONAWALLA plans to raise up to 7.5 billion rupees ($79.00 million), including a greenshoe option of 5.25 billion rupees, through the sale of bonds maturing in two years and four months, three bankers said on Wednesday.
It will pay a coupon of 8.0568% and has invited commitment bids for the issue on Thursday, 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 1:
Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating | Poonawalla Fincrop 2 years and 4 months 8.0568 2.25 + 5.25 July 2 AAA (Crisil) | Bajaj Housing Finance 4 years 7.64 25 June 30 AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 94.9425 Indian rupees)