Shriram Transport Finance raises Rs 410 crore via bonds

Shriram Transport Finance Company today said it has raised Rs 410 crore by issuing debt securities on private placement basis.
The company said its Allotment Committee-NCDs, at a meeting held today approved and allotted 4,100 secured, redeemable, non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 410 crore on a private placement basis.
The bonds will offer coupon rates in from 8.15 to 8.25 per cent in three different tenures.
Bonds of 3 years tenure will carry coupon of 8.15 per cent per annum, 910 days of 8.1145 per cent and that for 1092 days the coupon rate will be 8.25 per cent.

Stock of Shriram Transport Finance Company closed 3.44 per cent higher at Rs 1162.20 on BSE.
Meanwhile, non-banking financial company Capital First today said it has raised Rs 250 crore through an issue of debentures on private placement basis.

Company's Debenture Committee approved and alloted rated, listed and secured redeemable non-convertible debentures (NCDs) today, it said in an exchange filing.
"The Company has raised Rs 250 crore by issue of NCD's on private placement basis," it added.
A total of 2,500 NCDs having face value of Rs 10 lakh each were allotted by the company.
The said NCDs will be listed on National Stock Exchange of India Limited, it said.

Capital First, a systematically important NBFC, is a provider of financial services across consumer and wholesale businesses.
Shares of the company closed 2.96 per cent higher at Rs 692.25 on BSE.