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

Sundaram Finance

21/09/2023 09:29

MUMBAI, Sept 21 (Reuters) - India's Sundaram Finance  SNFN.NS  has accepted bids worth
7.50 billion rupees ($90.23 million) for bonds maturing in two years, three merchant bankers
said on Thursday.
    The company will pay an annual coupon of 7.89% 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 Sept. 21:
             Issuer                                                        
                         Tenure                  Issue size (in            Rating
                                       Coupon    bln rupees)*    Bidding   
                                       (in %)                    date      
                                                                           
                                                                           
 Sundaram Finance        2-yr          7.89      7.50            Sept. 21  AAA (Icra)
             NABARD      5-yr          To be     10+20           Sept. 26  AAA (Crisil)
                                       decided                             
             REC         Perpetual     To be     4+16            Sept. 25  AAA (Crisil)
                                       decided                             
             Tata AIG    10-yr         8.25      2 + 3.45        Sept. 26  AAA (Icra,
 General Insurance                                                         India Ratings)
                                                                           
 Tata Capital Financial  8-yr and 11   To be     0.4 + 2         Sept. 22  AAA (Crisil,
 Services reissue        mnts          decided                             Icra)
 
*Size includes base plus greenshoe for some issues

($1 = 83.1225 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))