India New Issue-Sundaram Finance to issue 4-year zero-coupon bonds, bankers say

Sundaram Finance

22/10/2026 05:58

MUMBAI, Oct 22 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 12.50 billion rupees ($132.49 million) through the sale of zero-coupon bonds maturing in four years, three bankers said on Thursday.
It will offer a yield of 8.53% on this issue and has invited bids on Friday, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.

 
 Here is the list of deals reported so far on October 22: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Sundaram Finance 
4 years
8.53 (yield)
10+2.50
October 23
AAA (Crisil)

*Size includes base plus greenshoe for some issues


($1 = 94.3475 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))