India New Issue-Sundaram Finance to issue 3-month CP - traders

TSF Investments

08/03/2023 07:02

MUMBAI, March 8 (Reuters) - India's Sundaram Finance
 SNDA.NS  plans to raise funds by selling commercial papers
maturing in three months, three merchant bankers said on
Wednesday.
    The non-banking financial company will offer a yield of
7.91% on the issue and has received commitments worth around 5
billion rupees ($60.89 million) so far, the bankers said.
    The notes are rated A1+ by ICRA.






($1 = 82.1100 Indian rupees)

 (Reporting by Bhakti Tambe)
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