India’s Shriram Transport committee OKs up to Rs. 50 billion bonds

By Sarah Lizee

Olympia, Wash., Feb. 28 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its debt issuance committee approved up to Rs. 50 billion of bonds to be issued in one or more tranches under its medium-term note program established on Feb. 22.

The committee approved the issue in a meeting held on Wednesday, according to a notice.

The bonds would mature in up to seven years.

The coupon has not been finalized.

The Mumbai-based company provides financing for commercial vehicles.

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