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.
Former Scorpions Bassist Francis Buchholz Dies At 71 After Cancer Battle, Family Issues Statement: 'Our Hearts Are Shattered'
Luke Mudgway Leads Li Ning Star To Glory As Bajaj Pune Grand Tour 2026 Ends With Spectacular City Finale
US: Indian National Among 4 Killed In Georgia Domestic Shooting; Indian Consulate Expresses Grief
Rajasthan: Massive Fire Ravages Gaming Zone In Udaipur; No Casualties Reported
The bond received an overwhelming response from investors, with the final order book over-subscribed 2.5 times.
(With inputs from PTI)
