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SUNDARMFIN
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India's Sundaram Finance jumps on strong Q3 disbursement
** Sundaram Finance SNFN.NS jumps ~8% to 4,648.95 rupees
** NBFC posts 19% y/y growth in Q3 disbursement
** Systematix Institutional Equities says co gains market share after exceptionally strong Q3 disbursements growth vs peers
** Raises PT to 4,450 rupees from 4,300 rupees; retains "hold"
** Stock rated "hold" on avg; median PT is 4,525 rupees - LSEG
** SNFN up 4% YTD
(Reporting by Vivek Kumar M)
** Sundaram Finance SNFN.NS jumps ~8% to 4,648.95 rupees
** NBFC posts 19% y/y growth in Q3 disbursement
** Systematix Institutional Equities says co gains market share after exceptionally strong Q3 disbursements growth vs peers
** Raises PT to 4,450 rupees from 4,300 rupees; retains "hold"
** Stock rated "hold" on avg; median PT is 4,525 rupees - LSEG
** SNFN up 4% YTD
(Reporting by Vivek Kumar M)
Sundaram Finance Dec-Qtr Consol Net Profit 4.55 Bln Rupees
Feb 3 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE DEC-QUARTER CONSOL NET PROFIT 4.55 BILLION RUPEES
SUNDARAM FINANCE DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 21.9 BILLION RUPEES
Source text: ID:nNSE9by8kb
Further company coverage: SNFN.NS
(([email protected];;))
Feb 3 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE DEC-QUARTER CONSOL NET PROFIT 4.55 BILLION RUPEES
SUNDARAM FINANCE DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 21.9 BILLION RUPEES
Source text: ID:nNSE9by8kb
Further company coverage: SNFN.NS
(([email protected];;))
India New Issue-Sundaram Finance accepts bids for 3-year bonds, bankers say
MUMBAI, Jan 15 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 10 billion rupees ($115.8 million) for bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay a coupon of 7.70% on the issue and had invited bids from bankers and investors earlier in the day, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 15
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 7.70 | 10 | Jan. 15 | AAA (Icra) |
Bank of Baroda | 10 years | 7.23 | 50 | Jan. 15 | AAA (Crisil, India Ratings) |
ICICI Home Finance | 5 years | 7.77 | 4 | Jan. 15 | AAA (Crisil) |
IRFC | 10 years | 7.25 | 27.80 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3730 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Jan 15 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 10 billion rupees ($115.8 million) for bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay a coupon of 7.70% on the issue and had invited bids from bankers and investors earlier in the day, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 15
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 7.70 | 10 | Jan. 15 | AAA (Icra) |
Bank of Baroda | 10 years | 7.23 | 50 | Jan. 15 | AAA (Crisil, India Ratings) |
ICICI Home Finance | 5 years | 7.77 | 4 | Jan. 15 | AAA (Crisil) |
IRFC | 10 years | 7.25 | 27.80 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.3730 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-Sundaram Finance to issue 3-year bonds, bankers say
MUMBAI, Jan 14 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($115.6 million) selling bonds maturing in three years, three merchant bankers said on Tuesday.
The company will pay a coupon of 7.70% on the issue and has invited bids from bankers and investors on Wednesday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 7.70 | 10 | Jan. 15 | AAA (Icra) |
Muthoot Finance | 5 years | To be decided | 5 | Jan. 15 | AA+ (Crisil) |
IRFC | 10 years | To be decided | 5+25 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5380 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Jan 14 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($115.6 million) selling bonds maturing in three years, three merchant bankers said on Tuesday.
The company will pay a coupon of 7.70% on the issue and has invited bids from bankers and investors on Wednesday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Jan. 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 7.70 | 10 | Jan. 15 | AAA (Icra) |
Muthoot Finance | 5 years | To be decided | 5 | Jan. 15 | AA+ (Crisil) |
IRFC | 10 years | To be decided | 5+25 | Jan. 15 | AAA (Crisil, Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.5380 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
India New Issue-Sundaram Finance accepts bids for 2-year bonds, bankers say
MUMBAI, Dec 13 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 10 billion rupees ($117.85 million) for bonds maturing in two years, three merchant bankers said on Friday.
The company will pay a coupon of 7.75% on the bond issue and invited bids from bankers and investors on Thursday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
NABARD | 5 years and 5 months | 7.40 | 48.64 | Dec. 12 | AAA (Crisil, Icra) |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.8550 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
MUMBAI, Dec 13 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 10 billion rupees ($117.85 million) for bonds maturing in two years, three merchant bankers said on Friday.
The company will pay a coupon of 7.75% on the bond issue and invited bids from bankers and investors on Thursday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
L&T Finance | 3 years | 7.75 | 5 | Dec. 12 | AAA (Crisil) |
NABARD | 5 years and 5 months | 7.40 | 48.64 | Dec. 12 | AAA (Crisil, Icra) |
IRFC | 10 years | 7.09 | 23.45 | Dec. 12 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 84.8550 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
India New Issue-Sundaram Finance to issue 2-year bonds, bankers say
MUMBAI, Dec 11 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($117.88 million) through the sale of bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay a coupon of 7.75% on the bond issue, and has invited bids from bankers and investors on Thursday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8310 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, Dec 11 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 10 billion rupees ($117.88 million) through the sale of bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay a coupon of 7.75% on the bond issue, and has invited bids from bankers and investors on Thursday, they said.
Sundaram Finance did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Dec. 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 7.75 | 10 | Dec. 12 | AAA (Icra) |
Punjab & Sind Bank | 10 years | To be decided | 30 | To be decided | AA (Crisil, India Ratings) |
EXIM Bank | 5 years | 7.14 | 25 | Dec. 11 | AAA (Crisil, Icra) |
IRFC | 10 years | To be decided | 5+25 | Dec. 12 | AAA (Crisil, Icra) |
NABARD | 5 year and 5 months | To be decided | 30+40 | Dec. 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 84.8310 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
Sundaram Finance Sept-Quarter Consol Net Profit 4.36 Bln Rupees
Nov 4 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SEPT-QUARTER CONSOL NET PROFIT 4.36 BILLION RUPEES
SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 20.85 BILLION RUPEES
Source text: [ID:]
Further company coverage: SNFN.NS
(([email protected];;))
Nov 4 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SEPT-QUARTER CONSOL NET PROFIT 4.36 BILLION RUPEES
SEPT-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 20.85 BILLION RUPEES
Source text: [ID:]
Further company coverage: SNFN.NS
(([email protected];;))
Sundaram Finance June-Quarter Consol Net Profit 4.35 Billion Rupees
Aug 5 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE JUNE-QUARTER CONSOL NET PROFIT 4.35 BILLION RUPEES
SUNDARAM FINANCE JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 19.52 BILLION RUPEES
Further company coverage: SNFN.NS
(([email protected];))
Aug 5 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE JUNE-QUARTER CONSOL NET PROFIT 4.35 BILLION RUPEES
SUNDARAM FINANCE JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 19.52 BILLION RUPEES
Further company coverage: SNFN.NS
(([email protected];))
India New Issue-Sundaram Finance accepts bids for 3-year bonds, bankers say
MUMBAI, June 20 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($89.7 million) for the sale of bonds maturing in three years, three bankers said on Thursday.
The company will pay a coupon of 8.12% on the bond issue, and had invited bids from bankers and investors earlier in the day, they said.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7.50 | June 20 | AAA (Icra) |
IIFCL | 15 years | To be decided | 5+20 | June 24 | AAA (Careedge, India Ratings) |
Godrej Industries | 3 year and 6 months | 8.42 | 2.5+2.5 | To be decided | AA (Crisil) |
HDB Financial Apr 2026 reissue | 1 year and 9 months | 8.35 (yield) | 15 | June 19 | AAA (Crisil, Careedge) |
Canara Bank | 10 years | To be decided | 20 | To be decided | AAA (Careedge Ratings) |
LIC Housing May 2029 reissue | 4 years and 11 months | To be decided | 7.5+10 | June 21 | AAA (Crisil) |
India Grid Trust | 2 years and 8 months | 7.87 (quarterly) | 3.5+3 | June 21 | AAA (Crisil, Icra) |
Kotak Mahindra Prime | 3 years | To be decided | 5 | June 20 | AAA (Icra) |
NIIF Infra Finance | 5 years and 2 months | 8.07 | 5 | June 20 | AAA (Icra, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.6076 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
MUMBAI, June 20 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($89.7 million) for the sale of bonds maturing in three years, three bankers said on Thursday.
The company will pay a coupon of 8.12% on the bond issue, and had invited bids from bankers and investors earlier in the day, they said.
Here is the list of deals reported so far on June 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7.50 | June 20 | AAA (Icra) |
IIFCL | 15 years | To be decided | 5+20 | June 24 | AAA (Careedge, India Ratings) |
Godrej Industries | 3 year and 6 months | 8.42 | 2.5+2.5 | To be decided | AA (Crisil) |
HDB Financial Apr 2026 reissue | 1 year and 9 months | 8.35 (yield) | 15 | June 19 | AAA (Crisil, Careedge) |
Canara Bank | 10 years | To be decided | 20 | To be decided | AAA (Careedge Ratings) |
LIC Housing May 2029 reissue | 4 years and 11 months | To be decided | 7.5+10 | June 21 | AAA (Crisil) |
India Grid Trust | 2 years and 8 months | 7.87 (quarterly) | 3.5+3 | June 21 | AAA (Crisil, Icra) |
Kotak Mahindra Prime | 3 years | To be decided | 5 | June 20 | AAA (Icra) |
NIIF Infra Finance | 5 years and 2 months | 8.07 | 5 | June 20 | AAA (Icra, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.6076 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
India New Issue-Sundaram Finance to issue 3-year bonds, bankers say
MUMBAI, June 18 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.50 billion rupees ($89.8 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
The company will pay a coupon of 8.12% on the bond issue and will invite bids from bankers and investors later this week, they said.
Here is the list of deals reported so far on June 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7.50 | To be decided | AAA (Icra) |
HDB Financial | 1 year and 9 months | To be decided | 5+15 | June 19 | AAA (Crisil, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.5120 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, June 18 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.50 billion rupees ($89.8 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
The company will pay a coupon of 8.12% on the bond issue and will invite bids from bankers and investors later this week, they said.
Here is the list of deals reported so far on June 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7.50 | To be decided | AAA (Icra) |
HDB Financial | 1 year and 9 months | To be decided | 5+15 | June 19 | AAA (Crisil, Careedge) |
*Size includes base plus greenshoe for some issues
($1 = 83.5120 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
India New Issue-Sundaram Finance to issue 3-year bonds, bankers say
MUMBAI, June 12 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7 billion rupees ($83.77 million) through the sale of bonds maturing in three years, three bankers said on Wednesday.
The company will pay a coupon of 8.12% on the bond issue and has invited bids from bankers and investors on Thursday, they said.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7 | June 13 | AAA (Icra) |
LIC Housing Finance | 3 years and 1 month | To be decided | 15+35 | June 13 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.5620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, June 12 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7 billion rupees ($83.77 million) through the sale of bonds maturing in three years, three bankers said on Wednesday.
The company will pay a coupon of 8.12% on the bond issue and has invited bids from bankers and investors on Thursday, they said.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 years | 8.12 | 7 | June 13 | AAA (Icra) |
LIC Housing Finance | 3 years and 1 month | To be decided | 15+35 | June 13 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.5620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
India New Issue-Sundaram Finance accepts bids for 2-year bonds, bankers say
MUMBAI, May 22 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($90.05 million), for bonds maturing in two years, three bankers said on Wednesday.
The company will pay a coupon of 8.0650% on the bond issue and had invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 8.0650 | 7.50 | May 21 | AAA (Icra) |
Bajaj Finance | 2 years | 8.10 | 5 | May 21 | AAA (Crisil) |
Bajaj Finance May 2029 reissue | 5 years | 8.03 (yield) | 5 | May 21 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.2890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, May 22 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($90.05 million), for bonds maturing in two years, three bankers said on Wednesday.
The company will pay a coupon of 8.0650% on the bond issue and had invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 8.0650 | 7.50 | May 21 | AAA (Icra) |
Bajaj Finance | 2 years | 8.10 | 5 | May 21 | AAA (Crisil) |
Bajaj Finance May 2029 reissue | 5 years | 8.03 (yield) | 5 | May 21 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 83.2890 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-Sundaram Finance to issue two-year bonds, bankers say
MUMBAI, May 17 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise up to 10 billion rupees ($119.77 million), including a greenshoe option of 2.5 billion rupees, through bonds maturing in two years, three bankers said on Friday.
The company will pay a coupon of 8.065% on the bond issue and has invited bids from bankers and investors on Tuesday.
Here is the list of deals reported so far on May 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 8.065 | 7.5+2.5 | May 21 | AAA (Icra) |
Bajaj Finance | 2 years | To be decided | 5+10 | May 21 | AAA (Crisil) |
Bajaj Finance May 2029 reissue | 5 years | To be decided | 5+10 | May 21 | AAA (Crisil) |
Shriram Finance | 2 years | 9.2 | 2.5+12.5 | May 22 | AA+ (Crisil) |
Shriram Finance | 5 years | 9.2 | 4+20 | May 22 | AA+ (Crisil) |
Shriram Finance May 2027 reissue | 3 years | To be decided | 3.5+17.5 | May 22 | AA+ (Crisil) |
Cholamandalam Investment | 5 years | 8.65 | 10+10 | May 21 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 83.4925 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
MUMBAI, May 17 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise up to 10 billion rupees ($119.77 million), including a greenshoe option of 2.5 billion rupees, through bonds maturing in two years, three bankers said on Friday.
The company will pay a coupon of 8.065% on the bond issue and has invited bids from bankers and investors on Tuesday.
Here is the list of deals reported so far on May 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2 years | 8.065 | 7.5+2.5 | May 21 | AAA (Icra) |
Bajaj Finance | 2 years | To be decided | 5+10 | May 21 | AAA (Crisil) |
Bajaj Finance May 2029 reissue | 5 years | To be decided | 5+10 | May 21 | AAA (Crisil) |
Shriram Finance | 2 years | 9.2 | 2.5+12.5 | May 22 | AA+ (Crisil) |
Shriram Finance | 5 years | 9.2 | 4+20 | May 22 | AA+ (Crisil) |
Shriram Finance May 2027 reissue | 3 years | To be decided | 3.5+17.5 | May 22 | AA+ (Crisil) |
Cholamandalam Investment | 5 years | 8.65 | 10+10 | May 21 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 83.4925 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
India’s weight in key MSCI equity index hits another high, to boost inflows
By Bharath Rajeswaran
BENGALURU, May 15 (Reuters) - India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.
With this, India has further narrowed the gap with China on the index. While China's weightage in the index will fall to 25% from 25.4%, India's weight will rise to 19% from 18.2%. The changes, announced on Wednesday, will be effective May 31.
The May review will lead to about $2 billion inflows into India, Abhilash Pagaria, analyst at Nuvama Alternative and Quantitative Research said.
Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024, Pagaria said.
With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country.
India's rising prominence in emerging markets is due to robust performance of its equities, particularly in the mid-cap segment, amid the relative underperformance by other emerging markets, especially China, analysts have said.
MSCI will add 13 Indian companies, the most among emerging markets, to the Global Standard Index from May end.
These include JSW Energy JSWE.NS, Canara Bank CNBK.NS, Indus Towers INUS.NS in the large-cap segment, and Mankind Pharma MNKI.NS, Bosch BOSH.NS, Solar Industries SLIN.NS, NHPC NHPC.NS, Torrent Power TOPO.NS, Thermax THMX.NS, Jindal Stainless JIST.NS and Sundaram Finance SNFN.NS in the mid-cap index.
Phoenix Mills PHOE.NS and PB Fintech PBFI.NS have been upgraded to the mid-cap index from small-cap by MSCI.
Berger Paints BRGR.NS will be removed from the MSCI index while Indraprastha Gas IGAS.NS and Paytm's parent One 97 Communications PAYT.NS have been downgraded to the small-cap index from the mid-cap index.
Housing Urban Development Corp HUDC.NS and Waaree Renewable Technologies WAAE.BO have been added to the small-cap index.
Separately, 29 Indian stocks have been added to the MSCI Domestic index while 15 have been moved to other categories or removed.
India narrows gap with China in MSCI Global Standard index https://reut.rs/3QNLxaF
Additions to MSCI Global Standard index https://reut.rs/3yimFBw
Potential flows after MSCI Global Standard index rejig https://reut.rs/4bix3rE
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
(([email protected]; +91 9769003463;))
By Bharath Rajeswaran
BENGALURU, May 15 (Reuters) - India's weight in MSCI's Global Standard index, which tracks emerging market stocks, has risen to another record high, boosting prospects of more inflows into its equity markets.
With this, India has further narrowed the gap with China on the index. While China's weightage in the index will fall to 25% from 25.4%, India's weight will rise to 19% from 18.2%. The changes, announced on Wednesday, will be effective May 31.
The May review will lead to about $2 billion inflows into India, Abhilash Pagaria, analyst at Nuvama Alternative and Quantitative Research said.
Consistent flows from domestic institutional investors and steady participation by foreign investors means that there is potential for India to surpass 20% weightage in the MSCI Global Standard index by the second half of 2024, Pagaria said.
With the May rejig, India's stock count in the MSCI Global Standard index is at 149, the highest ever for the country.
India's rising prominence in emerging markets is due to robust performance of its equities, particularly in the mid-cap segment, amid the relative underperformance by other emerging markets, especially China, analysts have said.
MSCI will add 13 Indian companies, the most among emerging markets, to the Global Standard Index from May end.
These include JSW Energy JSWE.NS, Canara Bank CNBK.NS, Indus Towers INUS.NS in the large-cap segment, and Mankind Pharma MNKI.NS, Bosch BOSH.NS, Solar Industries SLIN.NS, NHPC NHPC.NS, Torrent Power TOPO.NS, Thermax THMX.NS, Jindal Stainless JIST.NS and Sundaram Finance SNFN.NS in the mid-cap index.
Phoenix Mills PHOE.NS and PB Fintech PBFI.NS have been upgraded to the mid-cap index from small-cap by MSCI.
Berger Paints BRGR.NS will be removed from the MSCI index while Indraprastha Gas IGAS.NS and Paytm's parent One 97 Communications PAYT.NS have been downgraded to the small-cap index from the mid-cap index.
Housing Urban Development Corp HUDC.NS and Waaree Renewable Technologies WAAE.BO have been added to the small-cap index.
Separately, 29 Indian stocks have been added to the MSCI Domestic index while 15 have been moved to other categories or removed.
India narrows gap with China in MSCI Global Standard index https://reut.rs/3QNLxaF
Additions to MSCI Global Standard index https://reut.rs/3yimFBw
Potential flows after MSCI Global Standard index rejig https://reut.rs/4bix3rE
(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Mrigank Dhaniwala)
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Sundaram Finance Approved The Proposal To Raise Funds Upto 167.50 Bln Rupees
March 29 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE LTD - APPROVED THE PROPOSAL TO RAISE FUNDS UPTO 167.50 BILLION RUPEES
SUNDARAM FINANCE LTD - APPROVED PROPOSAL TO RAISE FUNDS VIA ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text for Eikon: [ID:]
Further company coverage: SNFN.NS
(([email protected];))
March 29 (Reuters) - Sundaram Finance Ltd SNFN.NS:
SUNDARAM FINANCE LTD - APPROVED THE PROPOSAL TO RAISE FUNDS UPTO 167.50 BILLION RUPEES
SUNDARAM FINANCE LTD - APPROVED PROPOSAL TO RAISE FUNDS VIA ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS
Source text for Eikon: [ID:]
Further company coverage: SNFN.NS
(([email protected];))
India New Issue-Sundaram Home Finance accepts bids for 10-yr bonds, bankers say
MUMBAI, March 28 (Reuters) - India's Sundaram Home Finance SNFNH.UL has accepted bids worth 5 billion rupees ($60.01 million) for bonds maturing in 10 years, three merchant bankers said on Thursday.
The company will pay an annual coupon of 7.95% on this issue and had invited coupon and commitment bids from bankers and investors on Wednesday, they said.
Here is the list of deals reported so far on March 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 10 years | 7.95 | 5 | March 27 |
AAA (Icra) |
Can Fin Homes | 5 years | To be decided | 3+6 | April 2 | AAA (Careedge, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.3170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, March 28 (Reuters) - India's Sundaram Home Finance SNFNH.UL has accepted bids worth 5 billion rupees ($60.01 million) for bonds maturing in 10 years, three merchant bankers said on Thursday.
The company will pay an annual coupon of 7.95% on this issue and had invited coupon and commitment bids from bankers and investors on Wednesday, they said.
Here is the list of deals reported so far on March 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 10 years | 7.95 | 5 | March 27 |
AAA (Icra) |
Can Fin Homes | 5 years | To be decided | 3+6 | April 2 | AAA (Careedge, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.3170 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
India New Issue-Sundaram Home Finance to issue 10-year bonds, bankers say
MUMBAI, March 26 (Reuters) - India's Sundaram Home Finance SNFNH.UL plans to raise 5 billion rupees (about $60 million) selling bonds maturing in 10 years, three merchant bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Wednesday, they said.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 10 years | To be decided | 5 | March 27 | AAA (Icra) |
LIC Housing Nov 2026 reissue | 2 years and 8 months | To be decided | 6+15 | March 27 | AAA (Crisil, Careedge) |
Muthoot Finance | 3 years and 3 months | 8.90 | 6.60 | March 22 | AA+ (Crisil, Icra) |
KIIFB | 10 years | 9.10 | 6.12 | March 22 | AA(CE) (India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 83.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 26 (Reuters) - India's Sundaram Home Finance SNFNH.UL plans to raise 5 billion rupees (about $60 million) selling bonds maturing in 10 years, three merchant bankers said on Tuesday.
The company has invited coupon and commitment bids from bankers and investors for the issue on Wednesday, they said.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 10 years | To be decided | 5 | March 27 | AAA (Icra) |
LIC Housing Nov 2026 reissue | 2 years and 8 months | To be decided | 6+15 | March 27 | AAA (Crisil, Careedge) |
Muthoot Finance | 3 years and 3 months | 8.90 | 6.60 | March 22 | AA+ (Crisil, Icra) |
KIIFB | 10 years | 9.10 | 6.12 | March 22 | AA(CE) (India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 83.3620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
India New Issue-Sundaram Finance accepts bids for 6-year bonds - bankers
MUMBAI, Feb 28 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth raise 20 billion rupees ($241.14 million) for bonds maturing in six years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.97% on the issue and had invited bids from bankers and investors earlier in the day, they said.
Here is the list of deals reported so far on Feb. 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 6 years | 7.97 | 20 | Feb. 28 | AAA (Crisil) |
Bajaj Housing Finance Feb 2034 reissue | 10 years | 7.78 (yield) | 5 | Feb. 28 | AAA (Crisil) |
Aditya Birla Housing Finance | 3 years | 8.20 | 2+3 | Feb. 29 | AAA (Icra, India Ratings) |
Bahadur Chand Investments | 4 years | To be decided | 7.5+2.5 | Feb. 29 | AA (Icra) |
LIC Housing Finance | 3 years and 2 months | To be decided | 10+20 | Feb. 29 | AAA (Crisil, Careedge) |
Godrej Industries | 2 years and 6 months | 8.36 | 5 | Feb. 27 | AA (Crisil, Icra) |
Godrej Industries | 3 years and 6 months | 8.40 | 5 | Feb. 27 | AA (Crisil, Icra) |
Axis Finance | 2 years | 8.35 | 3 | Feb. 27 | AAA (Crisil, India Ratings) |
Axis Finance Feb 2027 reissue | 3 years | 8.35 (yield) | 3 | Feb. 27 | AAA (Crisil, India Ratings) |
Cholamandalam Investment and Finance | 5 years | 8.65 | 10 | Feb. 27 | AA+ (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 82.9400 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
MUMBAI, Feb 28 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth raise 20 billion rupees ($241.14 million) for bonds maturing in six years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.97% on the issue and had invited bids from bankers and investors earlier in the day, they said.
Here is the list of deals reported so far on Feb. 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 6 years | 7.97 | 20 | Feb. 28 | AAA (Crisil) |
Bajaj Housing Finance Feb 2034 reissue | 10 years | 7.78 (yield) | 5 | Feb. 28 | AAA (Crisil) |
Aditya Birla Housing Finance | 3 years | 8.20 | 2+3 | Feb. 29 | AAA (Icra, India Ratings) |
Bahadur Chand Investments | 4 years | To be decided | 7.5+2.5 | Feb. 29 | AA (Icra) |
LIC Housing Finance | 3 years and 2 months | To be decided | 10+20 | Feb. 29 | AAA (Crisil, Careedge) |
Godrej Industries | 2 years and 6 months | 8.36 | 5 | Feb. 27 | AA (Crisil, Icra) |
Godrej Industries | 3 years and 6 months | 8.40 | 5 | Feb. 27 | AA (Crisil, Icra) |
Axis Finance | 2 years | 8.35 | 3 | Feb. 27 | AAA (Crisil, India Ratings) |
Axis Finance Feb 2027 reissue | 3 years | 8.35 (yield) | 3 | Feb. 27 | AAA (Crisil, India Ratings) |
Cholamandalam Investment and Finance | 5 years | 8.65 | 10 | Feb. 27 | AA+ (Icra) |
* Size includes base plus greenshoe for some issues
($1 = 82.9400 Indian rupees)
(Reporting by Dharamraj Dhutia;
Editing by Sohini Goswami)
India New Issue-Summary of primary bond market deals reported on Feb 27
MUMBAI, Feb 27 (Reuters) - A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on Feb. 27. Please note the list includes deals reported by Reuters and is not exhaustive.
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Torrent Power | 2 yrs, 3 yrs, 4 yrs, 5 yrs | 8.32 | 7 | Feb. 27 | AA+ (Crisil, India Ratings) |
DME Development | 15 years | To be decided | 10+20 | Feb. 29 | AAA (Crisil, Careedge) |
SBI Cards and Payment Services | 10 years | 8.29 | 7.50 | Feb. 27 | AAA (Crisil, Icra) |
Aditya Birla Finance | 3 years | To be decided | 2+8 | Feb. 28 | AAA (Icra, India Ratings) |
Bajaj Housing Finance Feb 2034 reissue | 10 years | To be decided | 5+2.50 | Feb. 28 | AAA (Crisil) |
Tata Capital | 3 years and 2 months | 8.2850 | 5+11.40 | Feb. 28 | AAA (Crisil, ICRA) |
Piramal Enterprises | 2 years | 9.35 | 1+5 | Feb. 28 | AA (Careedge) |
Sundaram Finance | 6 years | To be decided | 20 | Feb. 28 | AAA (Crisil) |
Axis Finance | 2 years | 8.35 | 3+2 | Feb. 27 | AAA (Crisil, India Ratings) |
Axis Finance Feb 2027 reissue | 3 years | To be decided | 2+1 | Feb. 27 | AAA (Crisil, India Ratings) |
Vadodara Municipal Corp | 5 years | To be decided | 1 | Mar. 1 | AA+ (India Ratings, AA (Crisil) |
* Size includes base plus greenshoe for some issues
(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
MUMBAI, Feb 27 (Reuters) - A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on Feb. 27. Please note the list includes deals reported by Reuters and is not exhaustive.
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Torrent Power | 2 yrs, 3 yrs, 4 yrs, 5 yrs | 8.32 | 7 | Feb. 27 | AA+ (Crisil, India Ratings) |
DME Development | 15 years | To be decided | 10+20 | Feb. 29 | AAA (Crisil, Careedge) |
SBI Cards and Payment Services | 10 years | 8.29 | 7.50 | Feb. 27 | AAA (Crisil, Icra) |
Aditya Birla Finance | 3 years | To be decided | 2+8 | Feb. 28 | AAA (Icra, India Ratings) |
Bajaj Housing Finance Feb 2034 reissue | 10 years | To be decided | 5+2.50 | Feb. 28 | AAA (Crisil) |
Tata Capital | 3 years and 2 months | 8.2850 | 5+11.40 | Feb. 28 | AAA (Crisil, ICRA) |
Piramal Enterprises | 2 years | 9.35 | 1+5 | Feb. 28 | AA (Careedge) |
Sundaram Finance | 6 years | To be decided | 20 | Feb. 28 | AAA (Crisil) |
Axis Finance | 2 years | 8.35 | 3+2 | Feb. 27 | AAA (Crisil, India Ratings) |
Axis Finance Feb 2027 reissue | 3 years | To be decided | 2+1 | Feb. 27 | AAA (Crisil, India Ratings) |
Vadodara Municipal Corp | 5 years | To be decided | 1 | Mar. 1 | AA+ (India Ratings, AA (Crisil) |
* Size includes base plus greenshoe for some issues
(Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
Sundaram Finance Interim Dividend Of 14 Rupees Per Share
Feb 5 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INTERIM DIVIDEND OF 14 RUPEES PER SHARE
Source text for Eikon: ID:nNSE2BhqNN
Further company coverage: SNFN.NS
(([email protected];;))
Feb 5 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INTERIM DIVIDEND OF 14 RUPEES PER SHARE
Source text for Eikon: ID:nNSE2BhqNN
Further company coverage: SNFN.NS
(([email protected];;))
India's Sundaram Finance Posts Sept-Quarter PAT 3.66 Billion Rupees
Nov 6 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INDIA'S SUNDARAM FINANCE SEPT-QUARTER PAT 3.66 BILLION RUPEES VERSUS PROFIT 3.04 BILLION RUPEES
SUNDARAM FINANCE SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 13.75 BILLION RUPEES VERSUS 10.48 BILLION RUPEES
Source text for Eikon: ID:nBSE9SSqx7
Further company coverage: SNFN.NS
(([email protected];))
Nov 6 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INDIA'S SUNDARAM FINANCE SEPT-QUARTER PAT 3.66 BILLION RUPEES VERSUS PROFIT 3.04 BILLION RUPEES
SUNDARAM FINANCE SEPT-QUARTER TOTAL REVENUE FROM OPERATIONS 13.75 BILLION RUPEES VERSUS 10.48 BILLION RUPEES
Source text for Eikon: ID:nBSE9SSqx7
Further company coverage: SNFN.NS
(([email protected];))
India New Issue-Sundaram Home Finance to issue 3-year bonds - bankers
MUMBAI, Oct 25 (Reuters) - India's Sundaram Home Finance SNFNH.UL plans to raise 3 billion rupees ($36.15 million) selling bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.99% on this issue, for which it has invited bids on Thursday, they said.
Here is the list of deals reported so far on Oct. 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 3 yrs | 7.99 | 3 | Oct. 26 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 82.9910 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, Oct 25 (Reuters) - India's Sundaram Home Finance SNFNH.UL plans to raise 3 billion rupees ($36.15 million) selling bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.99% on this issue, for which it has invited bids on Thursday, they said.
Here is the list of deals reported so far on Oct. 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Home Finance | 3 yrs | 7.99 | 3 | Oct. 26 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 82.9910 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
India New Issue-Sundaram Finance to issue 3-year bonds - bankers
MUMBAI, Oct 23 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 5 billion rupees ($60.14 million) selling bonds maturing in three years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.04% on this issue, for which it has invited bids on Wednesday, they said.
Here is the list of deals reported so far on Oct. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 yr | 8.04 | 5 | Oct. 25 | AAA (Crisil) |
Kotak Mahindra Investments | 2 yr and 2 mnts | 8.2134% | 1 + 3 | Oct. 25 | AAA (Crisil) |
Kotak Mahindra Investments | 3 yr and 1 mnt | 8.2185% | 1 + 2 | Oct. 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.1460 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Oct 23 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 5 billion rupees ($60.14 million) selling bonds maturing in three years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.04% on this issue, for which it has invited bids on Wednesday, they said.
Here is the list of deals reported so far on Oct. 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 3 yr | 8.04 | 5 | Oct. 25 | AAA (Crisil) |
Kotak Mahindra Investments | 2 yr and 2 mnts | 8.2134% | 1 + 3 | Oct. 25 | AAA (Crisil) |
Kotak Mahindra Investments | 3 yr and 1 mnt | 8.2185% | 1 + 2 | Oct. 25 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 83.1460 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
Sundaram Finance Issues Clarification On News Item
Oct 3 (Reuters) - Sundaram Finance Ltd SNFN.NS:
CLARIFICATION/CONFIRMATION ON NEWS ITEM APPEARING IN “MEDIA/PUBLICATION”
NO NEGOTIATIONS/EVENTS TAKING PLACE IN CONNECTION WITH SUBJECT MATTER THAT HAS BEEN REPORTED IN NEWS ITEM
Further company coverage: SNFN.NS
(([email protected];))
Oct 3 (Reuters) - Sundaram Finance Ltd SNFN.NS:
CLARIFICATION/CONFIRMATION ON NEWS ITEM APPEARING IN “MEDIA/PUBLICATION”
NO NEGOTIATIONS/EVENTS TAKING PLACE IN CONNECTION WITH SUBJECT MATTER THAT HAS BEEN REPORTED IN NEWS ITEM
Further company coverage: SNFN.NS
(([email protected];))
India's Sundaram Finance hits record high
** Shares of Sundaram Finance SNFN.NS up as much as 8.5% to hit an all-time high of 3,233.50 rupees
** SNFN on track to rise for second straight session, if gains hold
** Over 236,000 shares change hands as of 12:17 p.m. IST, 2.6x the 30-day moving avg
** Seven of 11 analysts tracking the stock rate it "buy" or higher, while four rate it "hold" ; their median PT is 2,830 rupees - LSEG data
** Including day's move, stock up ~36% so far this year
(Reporting by Kashish Tandon in Bengaluru)
** Shares of Sundaram Finance SNFN.NS up as much as 8.5% to hit an all-time high of 3,233.50 rupees
** SNFN on track to rise for second straight session, if gains hold
** Over 236,000 shares change hands as of 12:17 p.m. IST, 2.6x the 30-day moving avg
** Seven of 11 analysts tracking the stock rate it "buy" or higher, while four rate it "hold" ; their median PT is 2,830 rupees - LSEG data
** Including day's move, stock up ~36% so far this year
(Reporting by Kashish Tandon in Bengaluru)
India New Issue-Sundaram Finance accepts bids for 2-yr bonds - bankers
MUMBAI, Sept 21 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($90.23 million) for bonds maturing in two years, three merchant bankers said on Thursday.
The company will pay an annual coupon of 7.89% on this issue, for which it had invited bids earlier in the day, they said.
Here is the list of deals reported so far on Sept. 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.89 | 7.50 | Sept. 21 | AAA (Icra) |
NABARD | 5-yr | To be decided | 10+20 | Sept. 26 | AAA (Crisil) |
REC | Perpetual | To be decided | 4+16 | Sept. 25 | AAA (Crisil) |
Tata AIG General Insurance | 10-yr | 8.25 | 2 + 3.45 | Sept. 26 | AAA (Icra, India Ratings) |
Tata Capital Financial Services reissue | 8-yr and 11 mnts | To be decided | 0.4 + 2 | Sept. 22 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
MUMBAI, Sept 21 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 7.50 billion rupees ($90.23 million) for bonds maturing in two years, three merchant bankers said on Thursday.
The company will pay an annual coupon of 7.89% on this issue, for which it had invited bids earlier in the day, they said.
Here is the list of deals reported so far on Sept. 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.89 | 7.50 | Sept. 21 | AAA (Icra) |
NABARD | 5-yr | To be decided | 10+20 | Sept. 26 | AAA (Crisil) |
REC | Perpetual | To be decided | 4+16 | Sept. 25 | AAA (Crisil) |
Tata AIG General Insurance | 10-yr | 8.25 | 2 + 3.45 | Sept. 26 | AAA (Icra, India Ratings) |
Tata Capital Financial Services reissue | 8-yr and 11 mnts | To be decided | 0.4 + 2 | Sept. 22 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 83.1225 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)
India New Issue-Sundaram Finance to issue 2-year bonds - bankers
MUMBAI, Sept 20 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.50 billion rupees ($90.1 million) selling bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.89% on this issue for which it had invited bids on Thursday, they said.
Here is the list of deals reported so far on Sept. 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.89 | 7.50 | Sept. 21 | AAA (Icra) |
Axis Finance | 2-yr and 10 mnts | 8.00 | 1 + 3 | Sept. 21 | AAA (Crisil, India Ratings) |
Bajaj Finance | 10-yr | 7.79 | 5 | Sept. 18 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.2690 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, Sept 20 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 7.50 billion rupees ($90.1 million) selling bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.89% on this issue for which it had invited bids on Thursday, they said.
Here is the list of deals reported so far on Sept. 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.89 | 7.50 | Sept. 21 | AAA (Icra) |
Axis Finance | 2-yr and 10 mnts | 8.00 | 1 + 3 | Sept. 21 | AAA (Crisil, India Ratings) |
Bajaj Finance | 10-yr | 7.79 | 5 | Sept. 18 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.2690 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
India New Issue-Sundaram Finance accepts bids for 2-yr bonds - bankers
MUMBAI, Aug 30 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 5 billion rupees ($60.4 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.95% on this issue for which it had invited bids earlier in the day, they said.
Here is the list of deals reported so far on Aug. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.95 | 5 | Aug. 30 | AAA (ICRA) |
Bajaj Housing Finance | 5-yr | To be decided | 5 + 10 | Aug. 31 | AAA (Crisil) |
Embassy Office Parks REIT | 2-yr | 8.03 | 5 | Aug. 31 | AAA (Crisil, Care) |
Aditya Birla Finance reissue | 9-yr and 10 mnts | 8.25% (yield) | 2.7 | Aug. 29 | AAA(Icra, India Ratings) |
ESAF Small Finance Bank | 5-yr and 8 mnts | 11.25 | 0.5 + 0.5 | Sept. 1 | A(Care) |
*Size includes base plus greenshoe for some issues
($1 = 82.7600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, Aug 30 (Reuters) - India's Sundaram Finance SNFN.NS has accepted bids worth 5 billion rupees ($60.4 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.95% on this issue for which it had invited bids earlier in the day, they said.
Here is the list of deals reported so far on Aug. 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.95 | 5 | Aug. 30 | AAA (ICRA) |
Bajaj Housing Finance | 5-yr | To be decided | 5 + 10 | Aug. 31 | AAA (Crisil) |
Embassy Office Parks REIT | 2-yr | 8.03 | 5 | Aug. 31 | AAA (Crisil, Care) |
Aditya Birla Finance reissue | 9-yr and 10 mnts | 8.25% (yield) | 2.7 | Aug. 29 | AAA(Icra, India Ratings) |
ESAF Small Finance Bank | 5-yr and 8 mnts | 11.25 | 0.5 + 0.5 | Sept. 1 | A(Care) |
*Size includes base plus greenshoe for some issues
($1 = 82.7600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
India New Issue-Sundaram Finance to issue 2-year bonds - bankers
MUMBAI, Aug 29 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 5 billion rupees ($60.5 million) through the sale of bonds maturing in two years, three merchant bankers said on Tuesday.
It will pay an annual coupon of 7.95% on this issue and has invited bids on Wednesday.
Here is the list of deals reported so far on Aug. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.95 | 5 | Aug. 30 | AAA (ICRA) |
Macrotech Developers | 3-yr | 9.50 | 4.05 | Aug. 30 | A+ (ICRA) |
*Size includes base plus greenshoe for some issuances
($1 = 82.6080 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, Aug 29 (Reuters) - India's Sundaram Finance SNFN.NS plans to raise 5 billion rupees ($60.5 million) through the sale of bonds maturing in two years, three merchant bankers said on Tuesday.
It will pay an annual coupon of 7.95% on this issue and has invited bids on Wednesday.
Here is the list of deals reported so far on Aug. 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Sundaram Finance | 2-yr | 7.95 | 5 | Aug. 30 | AAA (ICRA) |
Macrotech Developers | 3-yr | 9.50 | 4.05 | Aug. 30 | A+ (ICRA) |
*Size includes base plus greenshoe for some issuances
($1 = 82.6080 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
India's Sundaram Finance June-Quarter Consol Net Profit Rises
Aug 11 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INDIA'S SUNDARAM FINANCE JUNE-QUARTER CONSOL NET PROFIT 3.75 BILLION RUPEES VERSUS PROFIT 2.46 BILLION RUPEES
SUNDARAM FINANCE LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 15.82 BILLION RUPEES VERSUS 12.46 BILLION RUPEES
Source text for Eikon: ID:nNSEbbzzLw
Further company coverage: SNFN.NS
(([email protected];))
Aug 11 (Reuters) - Sundaram Finance Ltd SNFN.NS:
INDIA'S SUNDARAM FINANCE JUNE-QUARTER CONSOL NET PROFIT 3.75 BILLION RUPEES VERSUS PROFIT 2.46 BILLION RUPEES
SUNDARAM FINANCE LTD JUNE-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 15.82 BILLION RUPEES VERSUS 12.46 BILLION RUPEES
Source text for Eikon: ID:nNSEbbzzLw
Further company coverage: SNFN.NS
(([email protected];))
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What does Sundaram Finance do?
Sundaram Finance Limited is a diversified NBFC involved in financing commercial vehicles, cars, and construction equipment, along with services in Mutual Funds, Housing Finance, General Insurance, IT, and Retail Distribution.
Who are the competitors of Sundaram Finance?
Sundaram Finance major competitors are L&T Finance, Cholamandalam Fin., Mah & Mah Finl. Serv, Muthoot Finance, SBI Cards AndPayment, Poonawalla Fincorp, Five Star Business. Market Cap of Sundaram Finance is ₹58,195 Crs. While the median market cap of its peers are ₹35,277 Crs.
Is Sundaram Finance financially stable compared to its competitors?
Sundaram Finance seems to be less financially stable compared to its competitors. Altman Z score of Sundaram Finance is 1.52 and is ranked 6 out of its 8 competitors.
Does Sundaram Finance pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Sundaram Finance latest dividend payout ratio is 23.02% and 3yr average dividend payout ratio is 21.4%
How strong is Sundaram Finance balance sheet?
Latest balance sheet of Sundaram Finance is strong. Strength was visible historically as well.
Is the profitablity of Sundaram Finance improving?
Yes, profit is increasing. The profit of Sundaram Finance is ₹1,648 Crs for TTM, ₹1,436 Crs for Mar 2024 and ₹1,328 Crs for Mar 2023.
Is Sundaram Finance stock expensive?
Yes, Sundaram Finance is expensive. Latest PE of Sundaram Finance is 36.5, while 3 year average PE is 24.65. Also latest Price to Book of Sundaram Finance is 4.65 while 3yr average is 3.38.
Has the share price of Sundaram Finance grown faster than its competition?
Sundaram Finance has given better returns compared to its competitors. Sundaram Finance has grown at ~51.15% over the last 2yrs while peers have grown at a median rate of 19.9%
Is the promoter bullish about Sundaram Finance?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Sundaram Finance is 37.22% and last quarter promoter holding is 37.22%.
Are mutual funds buying/selling Sundaram Finance?
The mutual fund holding of Sundaram Finance is decreasing. The current mutual fund holding in Sundaram Finance is 4.68% while previous quarter holding is 4.91%.