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

Sundaram Finance

10/09/2025 05:40

MUMBAI, Sept 10 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($113.44 million) through a sale of bonds maturing in two years, three merchant bankers said on Wednesday.

The company will pay an annual coupon of 7.05%, and has invited bids from bankers and investors later in the day, 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 10:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
2 years
7.05
10
September 10
AAA (Crisil)
Bajaj Finance
3 years and 3 months
To be decided
10+10
September 10
AAA (Crisil)
Manipal Hospitals
2 years
To be decided
53.10
September 10
AA (India Ratings)
Poonawalla Fincorp
3 years
7.58
10
September 9
AAA (Crisil)

*Size includes base plus greenshoe for some issues

   ($1 = 88.1525 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra)

 ((Dharamraj.dhutia@tr.com))