Sundaram Finance Plans 12.50 Billion Rupee Four-Year Zero-Coupon Bond Issue
Three bankers said the company plans to raise 12.50 billion rupees ($132.49 million), offering an 8.53% yield. Bids are invited on Friday.
Sundaram Finance (NSE:SUNDARMFIN) plans to raise 12.50 billion rupees ($132.49 million) by selling zero-coupon bonds that mature in four years, according to three bankers. The company will offer an 8.53% yield and has invited bids on Friday, the bankers said. Sundaram Finance did not…