India New Issue-Sundaram Finance accepts bids for August 2028 bond reissue, bankers say
India New Issue-Sundaram Finance accepts bids for August 2028 bond reissue, bankers say MUMBAI, June 29 (Reuters) - India's Sundaram Finance SNFN.NS accepted bids worth 7.50 billion rupees ($79.50 million) for the reissue of 7.75% August 2028 bonds, three bankers said on Monday.
It will offer a yield of 7.6987% to the investors and had invited bids for the issue earlier in the day, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance Aug 2028 reissue | 2 years and 1 month | 7.6987 (yield) |
7.5 | June 29 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3450 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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