By Susanna Moon
Chicago, Aug. 2 – Shriram Transport Finance Co. Ltd. notified the Bombay Stock Exchange that it allotted Rs. 1 billion of 8.8% secured redeemable debentures due in three years.
The company sold 1,000 debentures with a face value of Rs. 1 million each in a private placement, according to a notice.
The company provides financing for commercial vehicles and is based in Mumbai.
| Issuer: | Shriram Transport Finance Co. Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 1 billion
|
| Coupon: | 8.8%
|
| Tenor: | Three years
|
| Allotment date: | Aug. 2
|
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