Shriram Transport Finance Corporation Limited – NCD Issue
Public Issue by Shriram Transport Finance Company Limited, (“STFC” or “Company”) of 50,00,000 Secured Redeemable Non-Convertible Debentures of face value of Rs. 1,000 each, (“NCDs”), for an amount aggregating upto Rs 500 Crores (“Base Issue Size”), with an option to retain oversubscription upto the Shelf Limit (i.e. Rs 3000 crores) i.e. 3,00,00,000 NCDs (“Tranche-I Issue”)
INVESTMENT RATIONALE
The issue carries effective yields ranging from 9.85% p.a. to 11.50% p.a. depending up on the category of investors and series of Non-Convertible Debentures applied for
Opportunity to invest in one of the largest asset financing NBFC in India
These NCDs are proposed to be listed on the National Stock Exchange of India Limited (“NSE”) and the BSE Limited (“BSE”)
