STF issues Senior Secured Notes
Shital Jibhe / 19 Jan 2017
Shriram Transport Finance had a bleak on the streets on January 18. The stock of the company ended down by 0.75 per cent. However, it may open in positive on January 19.
Shriram Transport Finance had a bleak on the streets on January 18. The stock of the company ended down by 0.75 per cent. However, it may open in positive on January 19. In the latest development, the company has issued Senior Secured Notes, due 2020, payable in US Dollars with coupon of 8.25 per cent per annum amounting to Rs 475 crore to Credit Suisse AG, Singapore branch.
In the last one year, the stock has given a return of 23.49 per cent. Currently, the stock is trading with Earnings per Share (P/E) of 16.78. On a three year annualised basis, the stock has given a return of 16.43 per cent.
SBI, Kotak Mahindra, HDFC are top three fund houses which has invested in the stock of the company. Meanwhile, SBI is the top fund house which has made an investment of 1.055 per cent of the equity capital in the company.