Commercial vehicle financier Shriram Transport Finance Company, plans to tap the debt capital markets for up to Rs 1,000 crore through a public issue of secured non-convertible debentures and has filed a prospectus to that effect.
The issue aggregates to Rs 500 crore and the company will retain the option to raise an additional Rs 500 crore.
The issue opens on July 27 and will close on August 14 and has five different investment options.
The NCDs will be of three years, four years and five years duration and the coupon varies from 10.75 to 11.25 per cent.
The NCDs will be listed on the National Stock Exchange (NSE). Enam Securities, A K Capital Services, ICICI Securities and Kotak Mahindra Capital Company are lead managers to the issue.
