New Issue: Shriram’s India Vehicle prices $300 million 5.85% notes due 2030

By Cristal Cody

Chicago, March 19 – Shriram Finance Ltd.’s India Vehicle Finance priced $300 million of 5.85% category 1 notes due in 2030 on Monday, according to a market source.

The notes priced at par. Initial talk was in the 6.15% area.

Barclays, BNP Paribas, DBS Bank, HSBC, JPMorgan and Standard Chartered Bank worked as bookrunners.

Shriram is formed from the merger of Shriram Transport Finance Co. Ltd. and Shriram City Union Finance Ltd. The company is part of Shriram Group.

Issuer:	India Vehicle Finance
Amount:	$300 million
Issue:	Notes
Maturity:	Sept. 25, 2030
Bookrunners:	Barclays, BNP Paribas, DBS Bank, HSBC, JPMorgan and Standard Chartered Bank
Coupon:	5.85%
Price:	Par
Yield:	5.85%
Trade date:	March 18
Price talk:	6.15% area

© 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.