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

Sundaram Finance

12/06/2024 03:44

MUMBAI, June 12 (Reuters) - India's Sundaram Finance  SNFN.NS  plans to raise 7 billion
rupees ($83.77 million) through the sale of bonds maturing in three years, three bankers said on
Wednesday.
    The company will pay a coupon of 8.12% on the bond issue and has invited bids from bankers
and investors on Thursday, they said.
    
 
  Here is the list of deals reported so far on June 12: 
                                                                         
 Issuer        Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                            bln rupees)*    date         
                                                                         
 Sundaram      3 years       8.12           7               June 13      AAA
 Finance                                                                 (Icra)
                3 years and  To be decided           15+35  June 13      AAA
 LIC Housing        1 month                                              (Crisil)
 Finance                                                                 
                                                                         
 
 * Size includes base plus greenshoe for some issues



($1 = 83.5620 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))