SHRIRAM TRANSPORT FINANCE RAISED FUNDS VIA BOND

Today, non-banking lender Shriram Transport Finance (STFC) has raised a fund of USD 500 million (approximately, Rs. 3,556 crores) through dollar bonds. This is the first international public social bond issuance from India.

The money was raised through 144A/Reg S bonds which has a tenor of three-and-a-half years. A coupon of 5.1 percent is offered by the investor after the completion of the tenor. STFC received coupons from marquee s....