Shriram Transport Finance to raise $500 mn via secured notes
The secured notes will be listed on the Singapore Exchange Securities Trading Ltd.
"The bond issuance committee has approved issuance of USD 500,000,000 (approx Rs 3,475.50 crore) senior secured notes under the USD 2,000,000,000 global medium term note programme...The company is signing the pricing supplement in this regard," Shriram Transport Finance Company said in a BSE filing.
Shriram Transport Finance Company said these notes, have tenure of 3.5 years and carry an interest rate of 5.95 per cent per annum payable semi-annually. They will be listed on the Singapore Exchange Securities Trading Ltd.
Shares of Shriram Transport Finance Company were trading 1.40 per cent higher at Rs 1,238.95 apiece on BSE. SVK DRR