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.
Mumbai Weather Update: Sudden Heavy Rainfall Triggers Orange Alert, Waterlogging In Several Areas; IMD Warns Of More Rain Until Wednesday
ED Summons CIDCO Officials Over Kharghar Plot Allocation Scam
Bombay HC Directs CBFC To Respond Over Delay In Certifying Film On UP CM Yogi Adityanath
Allahabad High Court Grants Interim Relief To Cricketer Yash Dayal In Sexual Harassment Case
The bond received an overwhelming response from investors, with the final order book over-subscribed 2.5 times.
(With inputs from PTI)
