Shriram Transport Finance completes allotment of $225M notes; stock up 1.5%

The allotment is to form a single series with the $500 million 4.40% notes due 2024 issued on January 13, 2021, under the $3 billion Global Medium Term Note Programme.

April 01, 2021 11:16 IST India Infoline News Service

Shriram Transport Finance Company Limited has completed the issuance and allotment of $225 million Senior Secured Notes to be consolidated and form a single series with the $500 million 4.40% Senior Secured Notes due 2024 issued on January 13, 2021.

The allotment is under the $3 billion Global Medium Term Note Programme, through the relevant Common Depositories.

The company stock was in demand after the annoucement and at around 11.15 am, Shriram Transport Finance Company Ltd stock was trading at Rs1,443.05 up by Rs21.15 or 1.49% on the BSE.

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