Shriram Transport Finance has raised Rs 660 crore by issuing bonds on private placement basis.
The company said in a regulatory filing said its board committee has approved and allotted "6,600 secured redeemable Non-Convertible Debentures (NCDs) aggregating to Rs 660 crore on private placement basis".
The NCDs will bear face value of Rs 10 lakh each.
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The bonds having tenure of four years and 11 months carries coupon rate of 8.3 per cent per annum.
A part of the Shriram group, Shriram Transport Finance is mainly engaged into financing of small truck owners.
