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

Sundaram Finance

02/06/2023 11:23

MUMBAI, June 2 (Reuters) - India's Sundaram Finance  SNFN.NS  plans to
raise funds by selling commercial papers maturing in one year at a yield of
7.58%, three merchant bankers said.

Below is the list of deals reported so far on June 2
 Issuer Name      Instrument  Tenure (in    Yield     Amount (in bln
                  type        months)       (in %)    rupees)
 Sundaram         CP          12            7.58      5
 Finance                                              
 Sundaram         CP          3             7.07      3
 Finance                                              
 NABARD           CP          3             6.95      72
 
($1 = 82.3000 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
 ((Bhakti.Tambe@thomsonreuters.com))