By Sarah Lizee
Olympia, Wash., March 21 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that its allotment committee met on Wednesday and approved and allotted Rs. 3.75 billion of debt in two parts.
The company issued Rs. 1.85 billion of 8.55% of three-year secured redeemable nonconvertible debentures, according to a notice.
The 1,850 rated and listed debentures, with a face value of Rs. 1 million each, were issued on a private placement basis.
The company also issued Rs. 1.9 billion of 8.1% notes due 2023 under its Rs. 50 billion medium-term note program on Wednesday, according to a separate notice.
The Mumbai-based company provides financing for commercial vehicles.
| Issuer: | Shriram Transport Finance Co. Ltd.
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| Amount: | Rs. 3.75 billion
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| Allotment date: | March 21
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| 8.55% debentures
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| Issue: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 1.85 billion
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| Coupon: | 8.55%
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| Tenor: | Three years and two months
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| 8.1% notes
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| Issue: | Notes
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| Amount: | Rs. 1.9 billion
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| Coupon: | 8.1%
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| Maturity: | Five years
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