MoneyWorks4Me

Shriram Transport Finance gets nod to raise $400 million

21 Feb 2019 Evaluate

Shriram Transport Finance Company has received approval to issuance of $400 million Senior Secured Notes under the Rs 50,000,000,000 Medium Term Note Programme. The company is signing the pricing supplement in this regard.

The company shall make the relevant intimations once the issuance and allotment of the Notes are completed. The Bond Issuance Committee of the Company has approved the same.

Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.

Peers