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

Sundaram Finance

04/09/2025 08:22

MUMBAI, Sept 4 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($114.3 million) through the sale of bonds maturing in two years, three merchant bankers said on Thursday.

The company has invited bids from bankers and investors on Wednesday, they said.

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

 Here is the list of deals reported so far on September 4:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
2 years
To be decided
10
September 10
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 88.15 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))