By Susanna Moon
Chicago, July 27 – Shriram Transport Finance Co. Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 1 billion of zero-coupon four-year secured redeemable debentures.
The company will issue 1,500 notes with a face value of Rs. 1 million each in a private placement, according to the notice.
The issue was approved at the company’s banking and finance committee meeting held Thursday.
Shriram provides financing for commercial vehicles and is based in Mumbai.
| Issuer: | Shriram Transport Finance Co. Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 1.5 billion
|
| Tenor: | Three years 11 months and 29 days
|
| Coupon: | 0%
|
| Allotment date: | July 27
|
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