Get startedLog in
    Picture of Sundaram Finance logo

    SUNDARMFIN — Sundaram Finance News Story

    0.000.00%
    in flag iconLast trade - 00:00
    FinancialsBalancedLarge CapMomentum Trap
    All News

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

    Picture of Sundaram Finance logoSundaram Finance
    20/10/2025 12:01
    MUMBAI, Oct 20 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 12.65 billion rupees ($143.92 million) through a sale of bonds maturing in three years, two merchant bankers said on Monday.

The company will pay an annual coupon of 7.05% on this issue, and has invited bids from bankers and investors on Thursday, they said.

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

  Here is the list of deals reported so far on October 20:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance3 years7.0512.65October 23AAA (Crisil)
    Axis Finance3 years7.234+6October 23AAA (Care)
    Aditya Birla Capital9 years and 6 monthsTo be decided2+3October 23AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 87.8950 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))

    Recent news on Sundaram Finance

    See all news