India New Issue-Sundaram Finance to issue 3-month CP -traders

Sundaram Finance

26/09/2022 06:38

MUMBAI, Sept 26 (Reuters) - India's Sundaram Finance
 SNFN.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on Monday.
    The non-banking financial company will offer a yield of
6.56% on the issue and has received commitments worth around 5
billion Indian rupees ($61.3 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.
 
 ($1 = 81.5750 Indian rupees)
 (Reporting by Dharamraj Lalit Dhutia; Editing by Savio D'Souza)
 ((Dharamrajlalit.dhutia@tr.com))