You are here: Home » Companies » News
Business Standard

Shriram Transport Finance raises $400 million from international markets

According to the source, the order book was subscribed up to $1 billion

BS Reporter 

Shriram Transport: Growth potential outweighing asset quality concerns

Finance Co (STFC) on Wednesday raised $400 million from international markets at a coupon of 5.7 per cent, according to a source. This is the first high yield bond issuance by a non-banking finance company (NBFC) in many years.
.

According to the source, the order book was subscribed up to $1 billion, with over 80 investors taking interest in the issuance. Deutsche Bank, HSBC, Standard Chartered and ING were the arrangers for the issuance, the source said. For this story, officials were not reachable for comment.
.

First Published: Thu, February 21 2019. 00:26 IST
RECOMMENDED FOR YOU