Shriram Transport raise funds through senior secured notes
Shital Jibhe / 10 Feb 2017
With respect to the existing notes, the company had sent various intimations and filed disclosures with stock exchanges between January 12, 2017 and January 20, 2017.
Shriram Transport Finance Company Limited have approved to issue senior secured notes, due 2020, payable in US dollars with a coupon of 8.25 per cent per annum amounting to Rs 5000,000,000 (rupee denominated bonds) to be consolidated and form a single series with Rs 4,750,000,000 8.25 per cent senior secured notes, due 2020, payable in US dollars issued on January 18, 2017 and Rs 1,750,000,000 8.25 per cent.
With respect to the existing notes, the company had sent various intimations and filed disclosures with stock exchanges between January 12, 2017 and January 20, 2017.
Shriram Transport Finance Company was incorporated in the year 1979 and is registered as a deposit taking NBFC with Reserve Bank of India (RBI) under section 45IA of the RBI Act, 1934.
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