Shriram Transport Finance Company has raised US$ 475 million (about Rs 3,500 crore) through Reg S Bond, having a tenor of 3.5 years and offering a coupon of 4.15 per cent.
The proceeds would be used for employment generation, including through micro, small, and medium-sized enterprise (MSME) financing.
The social bonds will be secured by creation of charge on a specified pool of receivables exclusively earmarked for this issuance.
The transaction was launched with an initial price guidance of around 4.45 per cent.
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The bond received an overwhelming response from investors, with the final order book over-subscribed 2.5 times.
(With inputs from PTI)
