Announced Fri, 3 Jul · 13:18 IST
Poonawalla Fincorp allots 500 crore rupees NCDs at 8.05% coupon
Fund Raising View source PDF
POONAWALLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.3%1-day move
₹458.50
prior close
₹464.65
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2-0.4-0.4+4.3+2.8-0.1+1.5+4.1+2.1+0.1———
Up moveDown movePending
AI summary
Poonawalla Fincorp has allotted 50,000 secured, listed, redeemable non-convertible debentures of face value one lakh rupees each, totaling about 500 crore rupees, through private placement. The NCDs carry a coupon of 8.0568 percent per annum, have a tenure of 850 days maturing on October 30, 2028, and will be listed on the BSE debt segment. They are secured by a first ranking pari passu charge on company assets. Use of proceeds was not specified beyond reference to the key information document.
Likely market impact
Raises 500 crore rupees via secured debt; no equity dilution, but adds to company leverage and interest obligations.