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

Sundaram Finance

11/06/2026 11:07

    MUMBAI, June 11 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise up to 12.60 billion rupees ($131.60 million)through a sale of bonds maturing in three years and two months, three bankers said on Thursday.
It will pay a coupon of 7.95% and has invited commitment bids for the issue on Friday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

    
 Here is the list of deals reported so far on June 11: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Sundaram Finance
3 years and 2 months
7.95
12.60
June 12

            L&T Finance
          
3 years
8.12
12.50+2.50
June 12
AAA (Crisil, Care)

            Tata Capital Housing
          
5 years
8.15
11.25
June 11
AAA (Crisil, Icra)

            Tata Capital
          
3 years
8.15
20.30
June 11
AAA (Crisil, Icra)
NaBFID
3 years and 1 month
To be decided
5+25
June 12
AAA (Crisil, Icra)

            NaBFID
          
10 years
To be decided
5+25
June 12
AAA (Crisil, Icra)

            Axis Finance
          
2 years and 7 months
7.70
8
June 10
AAA (India Ratings)

   * Size includes base plus greenshoe for some issues


($1 = 95.7450 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
 ((Dharamraj.dhutia@tr.com))