Why Is Poonawalla Fincorp Redeeming Perpetual Bonds And What Does JPMorgan Caution On Fed Rate Cut?
About Poonawalla Fincorp
Poonawalla Fincorp Limited is a non-banking financial company (NBFC) offering diversified financial products, including personal loans, business loans, and SME financing. The company, part of the Cyrus Poonawalla Group, has been focusing on growth in consumer and MSME lending while maintaining strong capital adequacy and a customer-centric approach.
Poonawalla Fincorp will exercise a call option for redemption of 100 Unsecured Non-Convertible Subordinated Perpetual Bonds worth Rupee 5 Cr.
• Record Date: Sept 30, 2025
• Redemption Date: Oct 15, 2025
• RBI approval: Received
• Issued on: Oct 15, 2015 @ 12.10% coupon rate
• Redemption: Face value Rupee 5,00,000 each + accrued interest
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SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.