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

Sundaram Finance

22/05/2024 03:54

MUMBAI, May 22 (Reuters) - India's Sundaram Finance  SNFN.NS  has accepted bids worth
7.50 billion rupees ($90.05 million), for bonds maturing in two years, three bankers said on
Wednesday.
    The company will pay a coupon of 8.0650% on the bond issue and had invited bids from bankers
and investors on Tuesday, they said. 
    
 
  Here is the list of deals reported so far on May 22: 
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      
                                                bln rupees)*    date         Rating
                                                                             
                                                                             
 Sundaram Finance  2 years       8.0650         7.50            May 21       AAA
                                                                             (Icra)
 Bajaj Finance          2 years           8.10               5  May 21       AAA
                                                                             (Crisil)
 Bajaj Finance          5 years  8.03 (yield)                5  May 21       AAA
 May 2029 reissue                                                            (Crisil)
 
   * Size includes base plus greenshoe for some issues



($1 = 83.2890 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
 ((Dharamraj.dhutia@tr.com))