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

Sundaram Finance

24/11/2025 11:49

MUMBAI, Nov 24 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 8 billion rupees ($89.7 million) selling 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 Tuesday, they said.

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

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

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance
3 years
7.05
8
November 25
AAA (Crisil)
Axis Bank
10 years
To be decided
20+30
November 25
AAA (Crisil, Icra)
PFC April 2029 reissue
3 years and 5 months
To be decided
5+25
November 25
AAA (Crisil, Care)
PFC
10 years
To be decided
5+25
November 25
AAA (Crisil, Care)
Cholamandalam Investment
7 years
8.40
5+5
November 24
AA+ (Icra, Care)
Anzen India Energy Yield Plus Trust
11 years
To be decided
7.75
November 24
AAA (Crisil, India Ratings)
ICICI Securities
3 years
7.45
5
November 21
AAA (Crisil, Icra)

   * Size includes base plus greenshoe for some issues

($1 = 89.1620 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))