Live
- Boxing Day Test Weather Forecast: Rain Delays Expected on Day 3 and Day 4 in Melbourne
- Baby John Twitter Reviews: Varun Dhawan Impresses, But Fans Feel the Remake Lacks Theri's Charm
- Pakistan Air Strikes Kill 46 in Afghanistan, Taliban Confirms Amid Rising Tensions
- ACB Launches Investigation into Formula E Races Held in Hyderabad Last Year
- Mega Job Mela in Madhapur on December 28: Explore Employment Opportunities in Hyderabad
- New Mizoram Guv likely to take charge next week
- Barroz 3D Movie Review: A Visual Treat for Mohanlal Fans, Mixed for Others
- Donate Blood, Save Lives: BJP Hosts Mega Blood Donation Camp in Aiza
- Azerbaijani Airliner Crashes Near Aktau, Kazakhstan: 32 Survive, Over 30 Feared Dead
- Union Minister Bandi Sanjay Kumar to Visit Jogulamba Gadwal District on December 27, 2024
Shriram Transport Finance raises Rs 3,556 crore
Highlights
Non-banking lender Shriram Transport Finance (STFC) on Friday said it has raised $500 million (approximately Rs 3,556 crore) through dollar bond, making it the first international public social bond issuance from the country.
Mumbai: Non-banking lender Shriram Transport Finance (STFC) on Friday said it has raised $500 million (approximately Rs 3,556 crore) through dollar bond, making it the first international public social bond issuance from the country.
The money was raised through issuance of 144A/Reg S bonds having a tenor of three-and-a-half years and offering a coupon of 5.1 per cent from investors.
It received interest from marquee social bond investors including those from Hong Kong, Singapore, London and the US.
"The proceeds from the bond would be used for employment generation including through MSME financing and microfinance," it said.
Next Story
ADVERTISEMENT
