trending Market Intelligence /marketintelligence/en/news-insights/trending/6zxb5cf-q4hagmxoo-iqxq2 content esgSubNav
In This List

Shriram Transport Finance raises 18.3B rupees in debt issue

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Shriram Transport Finance raises 18.3B rupees in debt issue

Shriram Transport Finance Co. Ltd. raised 18.30 billion Indian rupees through the issuance of nonconvertible debentures in four tranches.

The debentures were issued on a private placement basis, according to a March 22 release.

The company issued 10,000 debentures with a 727-day maturity and a coupon rate of 0.10% over the three-month State Bank of India marginal cost of funds-based lending rate. It also issued 5,000 debentures priced with an annual coupon of 8.00% that will mature in 726 days.

In addition, the company issued 2,300 five-year debentures priced with an annual coupon of 8.27% and 1,000 zero-coupon debentures that will mature in 1,111 days.

As of March 22, US$1 was equivalent to 65.15 Indian rupees.