By Wendy Van Sickle
Columbus, Ohio, June 9 – Shriram Transport Finance Co. Ltd. allotted Rs. 125 million of secured redeemable nonconvertible debentures on Thursday, according to a notice filed with the Bombay Stock Exchange.
The debentures have a seven-year tenor and a 9.05% coupon. They were issued on private placement basis after being approved by the company’s banking and finance committee.
The 125 debentures have a face value of Rs. 1 million each.
The company provides financing for commercial vehicles and is based in Mumbai.
| Issuer: | Shriram Transport Finance Co. Ltd.
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| Description: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 125 million
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| Coupon: | 9.05%
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| Tenor: | Seven years
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| Allotment date: | June 9
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