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    SUNDARMFIN — Sundaram Finance News Story

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    India New Issue-Sundaram Finance to issue 2-year bonds, bankers say

    Picture of Sundaram Finance logoSundaram Finance
    21/04/2025 03:59
    MUMBAI, April 21 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.5 billion rupees ($87.85 million) selling bonds maturing in two years, three merchant bankers said on Monday.

The company will pay a coupon of 7.35% on the issue and has invited bids from bankers and investors on Tuesday, they said.

Sundaram Finance did not immediately reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on April 21:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance2 years7.357.5April 22AAA (Icra)
    Poonawalla Fincorp2 years7.6511.60April 17AAA (Crisil)
    Poonawalla Fincorp3 years7.703.65April 17AAA (Crisil)
    

   * Size includes base plus greenshoe for some issues

   ($1 = 85.3680 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

 ((Khushi.malhotra@tr.com; Dharamraj.dhutia@tr.com))

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