The Bond Issuance Committee of Shriram Transport Finance Company Ltd at its meeting held on July 11, 2019 has approved the issuance of USD 250,000,000 Senior Secured Notes (to be consolidated and form a single Series with the USD 500,000,000 5.950 percent Senior Secured Notes due 2022 issued on April 24, 2019) under the USD 2,000,000,000 Global Medium Term Note Programme established on April 05, 2019.
The notes will bear interest of 5.950 percent p.a. payable semi-annually. The Senior Secured Notes will be secured by creation of charge over specified accounts receivables.
The notes will be listed at Singapore Exchange Securities Trading Limited. The maturity of the senior secured notes is 24 October 2022.
Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.1043.65 as compared to the previous close of Rs. 1033.55. The total number of shares traded during the day was 34653 in over 1160 trades.
The stock hit an intraday high of Rs. 1056.3 and intraday low of 1036.25. The net turnover during the day was Rs. 36256521.