Shriram Transport Finance Company has successfully priced a $500 million Fixed Rate Senior Secured 144A / Reg S Bond for a 3.5 year tenor at 5.100%. The company’s bond transaction also marks the first international public social bond issuance from India. This marks the 4th successful United States Dollar bond issuance by the company since the relaxation in the ECB guidelines.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.