By Devika Patel
Knoxville, Tenn., Dec. 6 – Shriram Transport Finance Co. Ltd. informed the Bombay Stock Exchange that it approved plans to issue up to Rs. 15 billion of 9.85% secured redeemable non-convertible debentures via private placement at a banking and finance committee meeting on Dec. 6.
The debentures will mature in three years, four months and nine days from the date of issue.
Shriram Transport provides financing for commercial vehicles and is based in Mumbai.
| Issuer: | Shriram Transport Finance Co. Ltd.
|
| Issue: | Secured redeemable non-convertible debentures
|
| Amount: | Rs. 15 billion
|
| Maturity: | Three years, four months and nine days
|
| Coupon: | 9.85%
|
| Trade date: | Dec. 6
|
| Distribution: | Private placement
|
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