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

Sundaram Finance

24/02/2026 10:47

MUMBAI, Feb 24 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($109.99 million) through sale of bonds maturing in two years, two merchant bankers said on Tuesday.

The company will pay an annual coupon of 7.24% on this issue, and has invited bids from bankers and investors on Wednesday, they said.

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

  Here is the list of deals reported so far on February 24:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
2 years
7.24
4+6
February 25
AAA (Crisil)
Canara Bank
10-year
To be decided
20+30
February 26
AAA (India Ratings, Icra)

*Size includes base plus greenshoe for some issues

($1 = 90.9190 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))