Shriram Transport raises $ 500 million via social bonds
Shriram Transport Finance Company (STFC) announced that it has managed to raise $500 million out of $ 3 billion raising plans, which was earlier approved by its board. The company completed the allotment through senior secured notes. In a stock exchange filing, the company said that they have completed the issuance and allotment of 5.1 per cent senior secured notes or popularly known as social bonds, of $500 million out of $ 3 billion under the Global Medium Term Note (GMTN) programme,...