Shriram Transport Finance Co. Ltd. said Jan. 18 that it issued 4.75 billion Indian rupees worth of bonds to Credit Suisse (Singapore) Ltd.

The rupee-denominated bonds, which bear an annual coupon of 8.25%, will mature Feb. 18, 2020.

The notes are payable in U.S. dollars and will be listed on Singapore Exchange Securities Trading Ltd.

As of Jan. 18, US$1 was equivalent to 68.07 Indian rupees.