India New Issue-Sundaram Finance accepts bids for 3-year bonds -traders

Sundaram Finance

25/08/2022 07:25

MUMBAI, Aug 25 (Reuters) - India's Sundaram Finance Ltd
 SNFN.NS  has accepted bids worth five billion rupees ($62.61
million) for bonds maturing in three years, three merchant
bankers said on Thursday.
    The non-banking finance company will pay an annual coupon of
7.40% to the investors of this issue, and had invited commitment
bids earlier in the day, they said.
    The notes are rated AAA by CRISIL and the issue will close
for subscription on Friday.
    
($1 = 79.8620 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia; Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))