Source : Moneycontrol.comFri, May 07, 2010 at 09:15
Commercial vehicle lender Shriram Transport is planning to raise Rs 500 crore, including Rs 250 crore of greenshoe option, through retail non-convertible debentures (NCDs). The company would raise subordinate debt and three-year secured NCDs at 9.75% and five-year NCD at 10.25%.
It would raise double bond around 11% with a minimum tenure of five years.
The retail NCD issue is expected to open on May 17.
It would raise double bond around 11% with a minimum tenure of five years.
The retail NCD issue is expected to open on May 17.
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