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

Sundaram Finance

25/11/2025 08:47

MUMBAI, Nov 25 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 8 billion rupees ($89.66 million) for bonds maturing in three years, two merchant bankers said on Tuesday.

The company will pay an annual coupon of 7.05% on this issue, and had invited bids from bankers and investors earlier in the day, they said.

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

 Here is the list of deals reported so far on November 25:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
3 years
7.05
8
November 25
AAA (Crisil)
PFC
10 years
7.08
30
November 25
AAA (Crisil, Care)
Axis Bank
10 years
7.27
50
November 25
AAA (Crisil, Icra)
SIDBI
3 years and one month
6.74
59.35
November 25
AAA (Crisil, Care)
Anzen India Energy
11 years
7.39
7.75
November 24
AAA (Crisil, India Ratings)
Cholamandalam Investment
7 years
8.40
5
November 24
AA+ (Icra, Care)

     * Size includes base plus greenshoe for some issues

($1 = 89.2300 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

 ((Dharamraj.dhutia@tr.com))