India New Issue-Sundaram Finance to reissue August 2028 bonds, bankers say

Sundaram Finance

25/06/2026 12:10

    MUMBAI, June 25 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.50 billion Indian rupees ($79.45 million)through the reissue of 7.75% August 2028 bonds, three bankers said on Thursday.
It will offer a yield of 7.74% to the investors and has invited bids for the issue on Monday, 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 25: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Sundaram Finance
Aug 2028 reissue
2 years and 1 month
7.74 (yield)
7.5
June 29
AAA (Crisil)

            LIC Housing
June 2031 reissue
          
5 years
To be decided
5+25
June 29
AAA (Care, Crisil)

            REC 7.46% 
June 2028 reissue
          
2 years
7.10 (yield)
26.50
June 25
AAA (Care, Crisil)
REC
5 years
7.17
28.45
June 25
AAA (Care, Crisil)

            Cube Highways Trust
          
11 years and 9 months
7.3925
6.37
June 25
AAA (Crisil)

            Cholamandalam Investment 
          
7 years
8.88
20
June 24
AA+ (Icra, India Ratings)

*Size includes base plus greenshoe for some issues


($1 = 94.3950 Indian rupees)

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