India New Issue-Sundaram Finance to issue 2-year bonds
23/07/2026 09:32
India New Issue-Sundaram Finance to issue 2-year bonds MUMBAI, July 23 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10.15 billion rupees ($105.15 million) through the sale of two-year bonds, three bankers said on Thursday.
It will pay an annual coupon of 7.74% on this issue and has invited bids for the issue on Thursday, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 7.74 | 5.15+5 | July 24 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.5275 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
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