India New Issue-Sundaram Finance accepts bids for 3-year bonds, bankers say

Sundaram Finance

15/05/2025 10:14

MUMBAI, May 15 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 12 billion rupees ($140.17 million) for bonds maturing in three years, three merchant bankers said on Thursday.

The company will offer a yield of 7.1584% on the issue and had invited bids from bankers and investors earlier in the day, they said.

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

 Here is the list of deals reported so far on May 16:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
3 years
7.1584 (yield)
12
May 15
AAA(Crisil)
IRFC
5 years
To be decided
30
May 16
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.6075 Indian rupees)

 (Reporting by Khushi Malhotra; Editing by Janane Venkatraman)

 ((Khushi.malhotra@tr.com))