Get startedLog in
    Picture of Sundaram Finance logo

    SUNDARMFIN — Sundaram Finance News Story

    0.000.00%
    in flag iconLast trade - 00:00
    FinancialsBalancedLarge CapMomentum Trap
    All News

    India New Issue-Sundaram Finance accepts bids for bond issue, bankers say

    Picture of Sundaram Finance logoSundaram Finance
    24/10/2025 06:43
    MUMBAI, Oct 24 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 12.65 billion rupees ($143.92 million) for bonds maturing in three years, two merchant bankers said on Friday.

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

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

 Here is the list of deals reported so far on October 24:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance3 years7.0512.65October 23AAA (Crisil)
    

   * Size includes base plus greenshoe for some issues

  ($1 = 87.8950 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

 ((Dharamraj.dhutia@tr.com))

    Recent news on Sundaram Finance

    See all news