Shriram Transport Finance Company (STFC) on Monday said it has raised ₹500 crore by issuing bonds on private placement basis.
The company has allotted rated, listed, secured, redeemable, non-convertible debentures on private placement basis for an issue size of ₹500 crore, STFC said in a regulatory filing.
The coupon rate for the bonds is 9.47 per cent per annum, while the tenure is 13 months from the date of allotment. The date of maturity is fixed for March 10, 2021.
Shares of STFC on Monday closed 1.73 per cent lower at ₹1,201.50 on the BSE.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.