Shriram Transport Finance Company Ltd Issues Senior Secured Notes due 2020

Shriram Transport Finance Company Ltd has issued on February 15, 2017 the Senior Secured Notes due 2020 payable in U.S. Dollars with coupon of 8.25% p.a. amounting to Rs. 7,000,000,000 (the 'Rupee Denominated Bonds') to Credit Suisse AG, Singapore Branch, International Finance Corporation and Deutsche Bank AG, Singapore Branch. The required details in respect of the Rupee Denominated Bonds are enclosed in Annexure-I.

These Rupee Denominated Bonds have been consolidated and form a single series with the INR 4,750,000,000 8.25 percent Secured Notes due 2020 Payable in U.S. Dollars issued on January 18, 2017 and INR 1,750,000,000 8.25 percent Secured Notes due 2020 Payable in U.S. Dollars issued on January 20, 2017.

Shares of SHRIRAM TRANSPORT FINANCE CO.LTD. was last trading in BSE at Rs.938.95 as compared to the previous close of Rs. 949.2. The total number of shares traded during the day was 19764 in over 974 trades.

The stock hit an intraday high of Rs. 962.1 and intraday low of 925. The net turnover during the day was Rs. 18590737.

Source : Equity Bulls

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