India New Issue-Sundaram Finance to issue 3-year bonds -traders

Sundaram Finance

24/08/2022 03:56

MUMBAI, Aug 24 (Reuters) - India's Sundaram Finance Ltd
 SNFN.NS  plans to raise five billion rupees ($62.63 million)
through sale of bonds maturing in three years, three merchant
bankers said on Wednesday.
    The non-banking finance company will pay an annual coupon of
7.40% to the investors of this issue, and has invited commitment
bids on Thursday, they said.
    The notes are rated AAA by CRISIL and the issue will close
for subscription on Friday.
    
($1 = 79.8310 Indian rupees)

 (Reporting by Dharamraj Lalit Dhutia;
Editing by Neha Arora)
 ((Dharamrajlalit.dhutia@tr.com))