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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
    12/03/2026 06:10
    MUMBAI, March 12 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.5 billion rupees ($81.21 million) through a sale of bonds maturing in three years, two merchant bankers said on Thursday.

The company will pay an annual coupon of 7.45% and has invited bids from bankers and investors on Friday, they said.

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

 Here is the list of deals reported so far on March 12:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance3 years7.457.5March 13AAA (Crisil)
    Vedanta3 years8.9520+10March 13AA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 92.3525 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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