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

Sundaram Finance

06/12/2022 06:10

MUMBAI, Dec 6 (Reuters) - India's Sundaram Finance
 SNFN.NS  plans to raise funds by selling commercial papers
maturing in one year, three merchant bankers said on Tuesday. 
    The non-banking financial company will offer a yield of
7.80% on the issue and has received commitments worth around
3.50 billion rupees ($42.55 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.
($1 = 82.2550 Indian rupees)
 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))