ReutersReuters

Sundaram Finance to issue 2-year bonds, bankers say

Refinitiv閱讀少於1分鐘

India's Sundaram Finance SUNDARMFIN plans to raise 7.5 billion rupees ($87.85 million) selling bonds maturing in two years, three merchant bankers said on Monday.

The company will pay a coupon of 7.35% on the issue and has invited bids from bankers and investors on Tuesday, they said.

Sundaram Finance did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on April 21:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Sundaram Finance

2 years

7.35

7.5

April 22

AAA (Icra)

Poonawalla Fincorp

2 years

7.65

11.60

April 17

AAA (Crisil)

Poonawalla Fincorp

3 years

7.70

3.65

April 17

AAA (Crisil)

* Size includes base plus greenshoe for some issues

($1 = 85.3680 Indian rupees)

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