Moneycontrol
Get App
Last Updated : Feb 26, 2020 08:37 PM IST | Source: PTI

Shriram Transport Finance raises Rs 500 cr through bonds

STFC has offered rated, listed, secured, redeemable, non-convertible debentures on private placement basis for an issue size up to Rs 500 crore, it said.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shriram Transport Finance Company (STFC) has raised up to Rs 500 crore by issuing bonds on private placement basis. "The Allotment Committee - NCDs of the company in its meeting held today approved and allotted rated, listed, secured, redeemable, non-convertible debentures (NCD) of face value of Rs 10 lakh each on private placement basis," the company said in a regulatory filing.

STFC has offered rated, listed, secured, redeemable, non-convertible debentures on private placement basis for an issue size up to Rs 500 crore, it said.

While 3,000 debentures worth Rs 300 crore with tenure of 3 years and 1 day will carry coupon rate of 9.50 per cent, 2,000 debentures worth Rs 200 crore with 2 years and 2 days tenure will have rate of 9.25 per cent per annum, it added.

Close
Shares of the company on Wednesday closed 3.38 per cent lower at Rs 1,276.75 on the BSE.

Time to show-off your poker skills and win Rs.25 lakhs with no investment. Register Now!

First Published on Feb 26, 2020 08:30 pm
Sections
Follow us on