Sundaram Finance to issue 2-year bonds, bankers say
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)
