India New Issue-Sundaram Finance accepts bids for 3-yr bonds - bankers

Sundaram Finance

25/10/2023 11:35

MUMBAI, Oct 25 (Reuters) - India's Sundaram Finance  SNFN.NS  has accepted bids worth 5
billion rupees ($60.1 million) for bonds maturing in three years, three merchant bankers said on
Wednesday.
    The company will pay an annual coupon of 8.04% 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 Oct. 25: 
             Issuer                                                       
                         Tenure                  Issue size (in           Rating
                                       Coupon    bln rupees)*    Bidding  
                                       (in %)                    date     
                                                                          
                                                                          
 Sundaram Finance        3 yrs         8.04      5               Oct. 25  AAA (Crisil)
             Bajaj       2 yrs and 7   To be     2 + 3.50        Oct. 26  AAA (Crisil)
 Housing Finance May     mnts          decided                            
 2026 reissue                                                             
                                                                          
             Sundaram    3 yrs         7.99      3               Oct. 26  AAA (Icra)
 Home Finance                                                             
                                                                          
 
*Size includes base plus greenshoe for some issues

($1 = 83.1350 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))