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

Sundaram Finance

24/07/2026 09:17

MUMBAI, July 24 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 5.15 billion rupees ($53.39 million) for two-year bonds, three bankers said on Friday. 
It will pay an annual coupon of 7.74% on this issue and had invited bids earlier in the day, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.

 
 Here is the list of deals reported so far on July 24: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
2 years
7.74
5.15
July 24
AAA (Crisil)

*Size includes base plus greenshoe for some issues



($1 = 96.4675 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))