Shriram Transport Finance Co.Ltd.- Coupon Rate-10.25%
Key Highlights
This bond can be considered for medium term Investment purpose with monthly returns. Coupon is 10.25% i.e you will receive Rs. 8,541.67 monthly interest for every 10 lac Investment.
The bond issuer is of type NBFC Retail. The Issuer raised total Rs. 550.0 Cr for this bond.
Use of Proceeds: For augmentation of tier-ii capital and to finance commercial vehicles, refinancing of existing debt and for other general corporate purposes.
It is rated AA+ by CRISIL with STABLE outlook and AA+ by IND-RA.
About Issuer
Shriram Transport Finance Company Limited (STFC) was established in 1979 and has a long track record of over three decades in the commercial vehicle financing industry in India.