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    SUNDARMFIN — Sundaram Finance News Story

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    India New Issue-Sundaram Finance to issue 3-year bonds, bankers say

    Picture of Sundaram Finance logoSundaram Finance
    14/05/2025 02:56
    MUMBAI, May 14 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 12 billion rupees ($141.2 million) by selling bonds maturing in three years, merchant bankers said on Wednesday.

The company will pay a coupon of 7.18% and has invited commitment bids from bankers and investors on Thursday, the three bankers said.

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

 Here is the list of deals reported so far on May 14:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance3 years7.1812May 15AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 84.9840 Indian rupees)

 (Reporting by Khushi Malhotra
Editing by Sonia Cheema)

 ((Khushi.malhotra@tr.com))

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