Piramal Finance raises $150 million from international market

MUMBAI: Piramal Finance tapped its previous bond issuance, raising $150 million in an international bond market, oversubscribed 3.5 times with a final order book exceeding $520 million.

The bonds, issued at a yield of 7.078% for a remaining tenor of 3.32 years, follow the company’s $300-million debut in the international market with a sustainability bond in July 2024.