India New Issue-Sundaram Finance to issue 6-month CP - bankers

Sundaram Finance

19/05/2023 12:24

MUMBAI, May 19 (Reuters) - India's Sundaram Finance Ltd
 SNFN.NS  plans to raise funds by selling commercial papers
maturing in six months, three merchant bankers said on Friday.
    The non-banking financial company will offer a yield of
7.44% on the issue and has received commitments worth around 4
billion rupees ($48.9 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.

($1 = 81.7800 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))