Shriram Transport Finance Company has signed the pricing supplement for issuance of Rupee Denominated Bonds (Fixed Rate Notes) for aggregate nominal amount of Rs 320 crore under Rs 5000 crore Medium Term Notes Programme. Accordingly, the Debt Issuance Committee will consider issue of Fixed Rate Notes on or after March 12, 2018.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC. The company was with an objective to provide hire purchase and lease finance for the medium and heavy commercial vehicles to individual truck operators.