India New Issue-Sundaram Finance accepts bids for zero-coupon bonds

Sundaram Finance

26/10/2026 09:43

MUMBAI, Oct 26 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 12.10 billion rupees ($127.09 million) for zero-coupon bonds maturing in four years, three bankers said on Monday.
It will offer a yield of 8.53% on this issue and had invited bids on Friday, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.


Here is the list of deals reported so far on October 26: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance 
4 years
8.53 (yield)
12.10
October 23
AAA (Crisil)
     
*Size includes base plus greenshoe for some issues
($1 = 95.2100 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com))