{"id":26168,"date":"2022-02-25T17:55:14","date_gmt":"2022-02-25T12:25:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-sriram-transport-bonds\/"},"modified":"2022-02-25T18:01:33","modified_gmt":"2022-02-25T12:31:33","slug":"biz-sriram-transport-bonds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-sriram-transport-bonds\/","title":{"rendered":"Shriram Transport Finance raises Rs 900 cr by issuing bonds"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1941229230\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 25 (PTI) Shriram Transport Finance Company (STFC) on Friday said it has raised Rs 900 crore by issuing bonds on a private placement basis and the proceeds from the issue will be used for further lending and other business purposes.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3096817456\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> The allotment committee of the company in its meeting on Friday approved and allotted senior secured rated, listed, redeemable and non-convertible debentures (NCDs) of a face value of Rs 10 lakh each on a private placement basis, the company said in a regulatory filing.<\/p>\n<p> The company said a total of 9,000 NCDs were allotted with a face value of Rs 10 lakh each, aggregating to the issue size of Rs 900 crore.<\/p>\n<p> The bonds, bearing coupon at 8.56 per cent per annum, are set to mature on February 25, 2032.<\/p><div class=\"trade-content_5\" id=\"trade-1950541333\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;A total of 100 per cent of the proceeds of the issue shall be utilised towards onward lending and\/or refinancing existing debt and\/or general corporate purpose,&#8221; it added.<\/p>\n<p> STFC said the company&#8217;s board of directors will hold a meeting on March 5 to consider the recommendation of second interim dividend for the financial year 2021-22. PTI KPM  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-488261795\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 25 (PTI) Shriram Transport Finance Company (STFC) on Friday said it has raised Rs 900 crore by issuing bonds on a private placement basis and the proceeds from the issue will be used for further lending and other business purposes. The allotment committee of the company in its meeting on Friday approved [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-26168","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shriram Transport Finance raises Rs 900 cr by issuing bonds - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-sriram-transport-bonds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shriram Transport Finance raises Rs 900 cr by issuing bonds\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 25 (PTI) Shriram Transport Finance Company (STFC) on Friday said it has raised Rs 900 crore by issuing bonds on a private placement basis and the proceeds from the issue will be used for further lending and other business purposes. 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