New Issue: Shriram Transport prices $500 million 4.4% notes due 2024

By Rebecca Melvin

New York, Jan. 13 – India’s Shriram Transport Finance Co. Ltd. issued $500 million of 4.4% senior secured notes due 2024, according to a listing notice.

Barclays Bank plc, BNP Paribas, Citigroup Global Markets Inc., Credit Suisse (Hong Kong) Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Emirates NBD Bank PJSC, HSBC, J.P. Morgan Securities plc and Standard Chartered Bank are lead managers and bookrunners of the Rule 144A and Regulation S notes, which will be listed on the Singapore Stock Exchange.

The Mumbai-based company provides financing for commercial vehicles.

Issuer:	Shriram Transport Finance Co. Ltd.
Issue:	Senior secured notes
Amount:	$500 million
Maturity:	2024
Bookrunners:	Barclays Bank plc, BNP Paribas, Citigroup Global Markets Inc., Credit Suisse (Hong Kong) Ltd., DBS Bank Ltd., Deutsche Bank AG, Singapore Branch, Emirates NBD Bank PJSC, HSBC, J.P. Morgan Securities plc and Standard Chartered Bank
Coupon:	4.4%
Announcement date:	Jan. 13
Listing date:	Jan. 14
Distribution:	Rule 144A and Regulation S

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.