India New Issue-Sundaram Home Finance to issue 3-year bonds - bankers

Sundaram Finance

25/10/2023 03:28

MUMBAI, Oct 25 (Reuters) - India's Sundaram Home Finance  SNFNH.UL  plans to raise 3
billion rupees ($36.15 million) selling bonds maturing in three years, three merchant bankers
said on Wednesday.
    The company will pay an annual coupon of 7.99% on this issue, for which it has invited bids
on Thursday, they said.
 
 Here is the list of deals reported so far on Oct. 25: 
                                                                           
 Issuer          Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                              bln rupees)*    date         
                                                                           
 Sundaram Home          3 yrs           7.99               3  Oct. 26      AAA (Icra)
 Finance                                                                   
 
*Size includes base plus greenshoe for some issues



($1 = 82.9910 Indian rupees)

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