Shriram Finance Ltd.
BSE: 511218 | NSE: SHRIRAMFIN
Large Cap | Finance - NBFC
841.00
9.20 (1.11%) Shriram Transport Finance raises $475 million through social bonds
Date: 11-01-2022Shriram Transport Finance Company (STFC) has raised $ 475 million (about Rs 3,500 crore) through Reg S Bond, having a tenor of 3.5 years and offering a coupon of 4.15 per cent.
The proceeds from the STFC social bond would be used for employment generation, including through micro, small, and medium-sized enterprise (MSME) financing.
Shriram Transport Finance Company is a flagship company of the Chennai-based Shriram group and is classified as deposit taking Asset Financing NBFC.