India New Issue-Sundaram Finance accepts bids for 2-yr bonds - bankers

Sundaram Finance

30/08/2023 08:24

MUMBAI, Aug 30 (Reuters) - India's Sundaram Finance  SNFN.NS  has accepted bids worth 5
billion rupees ($60.4 million) for bonds maturing in two years, three merchant bankers said on
Wednesday.
    The company will pay an annual coupon of 7.95% on this issue for which it had invited bids
earlier in the day, they said.
 
 
 Here is the list of deals reported so far on Aug. 30: 
                                                                              
 Issuer             Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                 bln rupees)*    date         
                                                                              
 Sundaram Finance   2-yr          7.95           5               Aug. 30      AAA (ICRA)
             Bajaj  5-yr          To be decided  5 + 10          Aug. 31      AAA (Crisil)
 Housing Finance                                                              
                                                                              
                    2-yr          8.03           5               Aug. 31      AAA (Crisil,
 Embassy Office                                                               Care)
 Parks REIT                                                                   
                                                                              
                     9-yr and 10  8.25% (yield)             2.7  Aug. 29      AAA(Icra, India
 Aditya Birla               mnts                                              Ratings)
 Finance reissue                                                              
                                                                              
 ESAF Small           5-yr and 8  11.25               0.5 + 0.5  Sept. 1      A(Care)
 Finance Bank               mnts                                              
 
*Size includes base plus greenshoe for some issues


($1 = 82.7600 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))