Shriram Transport Finance Company Ltd (STFC), a leading asset financing company, has raised $400 million through a three-year bond from the international bond markets.
This Fixed Rate Senior Secured Reg S Bond comes with a coupon of 5.70 per cent.
“We are overwhelmed by the strong response of the global investor community to our credit story. This transaction would help us further diversify our sources of funding,” Umesh Revankar, Managing Director & CEO, STFC said.
STFC had previously placed masala bonds in the overseas markets.