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    SUNDARMFIN — Sundaram Finance News Story

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    India New Issue-Sundaram Finance accepts bids for 2-year bonds, bankers say

    Picture of Sundaram Finance logoSundaram Finance
    10/09/2025 10:45
    MUMBAI, Sept 10 (Reuters) - India's Sundaram Finance SNFN.NS accepted bids worth 10 billion rupees ($113.51 million) for bonds maturing in two years, two merchant bankers said on Wednesday.

The company will pay an annual coupon of 7.05%. It had invited bids from bankers and investors earlier in the day, they said.

Sundaram Finance did not reply to a Reuters email seeking comment.

 Here is the list of deals reported so far on September 10:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    KPI Green Energy5 years8.5 (quarterly)6.7September 10A- (Icra)
    Sundaram Finance2 years7.0510September 10AAA (Crisil)
    Bajaj Finance3 years and 3 months7.2413.5September 10AAA (Crisil)
    Manipal Hospitals2 years9.03 (yield)53.10September 10AA (India Ratings)
    Poonawalla Fincorp3 years7.5810September 9AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 88.1010 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sonia Cheema)

 ((Khushi.malhotra@tr.com , Dharamraj.dhutia@tr.com))

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