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

Sundaram Finance

18/08/2026 12:38

MUMBAI, Aug 18 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion Indian rupees ($78.39 million) for reissue of 7.74% July 2028 bonds, three bankers said on Tuesday. 
It will offer a yield of 7.68% on this issue and had invited bids 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 August 18: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
July 2028 reissue
2 years
7.68 (yield)
7.50
August 18
AAA (Crisil)
L&T Finance 2031 Reissue
5 years
To be decided
1.5+7.5
August 19
AAA (Crisil,Care)
IndiGrid InvIT
5 years
7.44
3.5
August 19
AAA(Crisil, Icra)
IndiGrid InvIT 
10 years
7.44
7.5
August 19
AAA(Crisil, Icra)
Tata Capital Housing Finance
5 years
7.83
10+10
August 19
AAA (Crisil, Icra)
Bajaj Housing Finance
5 years
To be decided
7.5+12.5
August 19
AAA (Crisil, India Ratings)
Bajaj Finance
April 2036 reissue
9 years and 8 months
7.97 (yield)
5
August 17
AAA (Crisil)


*Size includes base plus greenshoe for some issues



($1 = 95.6800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
 ((Dharamraj.dhutia@tr.com))