By Tali Rackner
Norfolk, Va., Aug. 30 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its board of directors met on Tuesday and approved and allotted Rs. 200 million of 8.45% secured redeemable nonconvertible debentures.
The bonds have a tenor of five years.
The 200 rated and listed debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.
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. 200 million
|
| Coupon: | 8.45%
|
| Tenor: | Five years
|
| Allotment date: | Aug. 30
|
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