Shriram Finance Ltd.

Shriram Transport Finance Company has issued the Senior Secured Notes due 2020 payable in US Dollars with coupon of 8.25% per annum amounting to Rs 475 crore (the Rupee Denominated Bonds) to Credit Suisse AG, Singapore Branch.

Shriram Transport Finance 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.