By Wendy Van Sickle
Columbus, Ohio, Sept. 30 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its board of directors met on Friday and approved and allotted Rs. 4.1 billion of three types of secured redeemable nonconvertible debentures.
The type I three-year debentures have an 8.15% coupon, the type II debentures have a 910-day tenor and an 8.1145% coupon, and the type III debentures have a 1,092-day tenor and an 8¼% coupon.
The 4,100 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. 4.1 billion
|
| Coupon: | 8.15% for type I, 8.1145% for type II and 8½% for type III
|
| Tenor: | Three years for type I, 910 days for type II and 1,092 days for type III
|
| Allotment date: | Sept. 30
|
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