By Sarah Lizee
Olympia, Wash., Nov. 29 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its allotment committee met on Wednesday and approved and allotted Rs. 1 billion of 10-year 8.2% unsecured redeemable nonconvertible subordinated debentures.
The 1000 rated and listed debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.
The Mumbai-based company provides financing for commercial vehicles.
Issuer: | Shriram Transport Finance Co. Ltd.
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Issue: | Unsecured redeemable nonconvertible subordinated debentures
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Amount: | Rs. 1 billion
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Tenor: | 10 years
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Coupon: | 8.2%
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Allotment date: | Nov. 29
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