India New Issue-Sundaram Finance to issue 1-year CP - bankers

Sundaram Finance

08/03/2023 09:02

MUMBAI, March 8 (Reuters) - India's Sundaram Finance
 SNFN.NS  plans to raise funds by selling commercial papers
maturing in one year, three merchant bankers said on Wednesday.
    The non-banking financial company will offer a yield of
8.08% on the issue and has received commitments worth around 3
billion rupees ($36.56 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.







($1 = 82.0550 Indian rupees)

 (Reporting by Bhakti Tambe)
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