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    SUNDARMFIN — Sundaram Finance News Story

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

    Picture of Sundaram Finance logoSundaram Finance
    15/05/2026 12:59
    MUMBAI, May 15 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise up to 10 billion rupees ($104.20 million), including a greenshoe option of 5 billion rupees, through the reissue of 7.24% February 2028 bonds, three bankers said on Friday.

It will pay a coupon of 7.24% and has invited commitment 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 May 15:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Sundaram Finance February 2028 reissue1 year and 9 months7.245+5May 18AAA (Crisil)
    Bajaj Housing Finance3 years7.835May 15AAA (Crisil)
    

*Size includes base plus greenshoe for some issues

($1 = 95.9650 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)

 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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