India's Sundaram Finance NSE:SUNDARMFIN accepted bids worth 7.50 billion rupees ($79.50 million) for the reissue of 7.75% August 2028 bonds, three bankers said on Monday.
It will offer a yield of 7.6987% to the investors and had invited bids for the issue earlier in the day, they said.
Sundaram Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 29:
Issuer Sundaram Finance Aug 2028 reissue | Tenure 2 years and 1 month | Coupon (in %) 7.6987 (yield) | Issue size (in bln rupees)* 7.5 | Bidding date June 29 | Rating AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.3450 Indian rupees)