Poonawalla Fincorp Limited has informed the Exchange about General Updates- Notice to Debenture holders.
POONAWALLA · price
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Awaiting price reaction for this filing.
Poonawalla Fincorp will redeem 40 unsecured non-convertible perpetual bonds (NCDs) totalling Rs. 2 crore on September 18, 2025, by exercising its call option at the end of the 10-year tenor. These bonds, issued in September 2015, carry a 12.10% annual coupon rate; if not redeemed, the coupon would have stepped up to 13.10% from next year. The record date for the redemption is September 3, 2025, and the bonds carry strong ratings of AA+/Stable from both CARE and CRISIL. RBI approval for the redemption has been requested.
This is a small, routine debt management action (Rs. 2 crore is negligible for the company), and exercising the call option saves the company from a 100 bps coupon step-up. Neutral to mildly positive for shareholders as it reflects prudent capital management, with no material impact on the stock.