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

Sundaram Finance

29/09/2025 11:39

MUMBAI, Sept 29 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 4.75 billion Indian rupees ($53.50 million) for reissue of 7.05% September 2027 bonds, two merchant bankers said on Monday.

The company will offer a yield of 7.0380% 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 September 29:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
Sept 2027 reissue
2 years
7.0380 (reissue)
4.75
September 29
AAA (Crisil)
LIC Housing Aug 2028 reissue
2 years and 11 months
9.60
11
September 29
AAA (Crisil, Care)
Convenient Hospitals
5 years
9.63 (semi)
12.25
September 30
AA- (Crisil)

   * Size includes base plus greenshoe for some issues

($1 = 88.7870 Indian rupees)

 (Reporting by Dharamraj Dhutia)

 ((Dharamraj.dhutia@tr.com))