Announced Fri, 10 Jul · 13:48 IST
Poonawalla Fincorp allots Tier II NCDs worth Rs 200 crore at 8.43%
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
₹465.20
prior close
₹475.90
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1+0.0-0.1+4.3+0.7+2.3+1.4+3.1-0.4————
Up moveDown movePending
AI summary
Poonawalla Fincorp has allotted 20,000 unsecured subordinated non-convertible debentures (Tier II capital) of Rs 1 lakh each, totaling Rs 200 crore face value, via private placement. Aggregate amount received is about Rs 202.18 crore, which includes accrued interest of Rs 3.56 crore and discount of Rs 1.38 crore. Coupon is 8.4308% per annum, original tenor 10 years, maturing April 24, 2036. Debentures will be listed on the BSE debt segment.
Likely market impact
Tier II capital raise strengthens regulatory capital base but adds Rs 200 crore to debt at 8.43% annual cost, slightly lifting interest expense.