Key Points
MUMBAI (Reuters) Indias Shriram Finance plans to raise funds through U.S. dollar denominated bonds maturing in three years and three months, two merchant bankers said on Tuesday...
The funds raised through the sale of bonds will be used to support social projects and other activities allowed under the Reserve Bank of Indias external commercial borrowing guidelines, a term sheet to the issue showed...
Fitch Ratings and S&P Global are expected to rate the issue BB, which is in line with the issuer rating...
The company has given an initial guidance for a coupon of around 7.00%, and the issues would be settled on Jan. 22, the bankers added...
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