As said by Shriram Transport Finance, they will issue rupee denominated bonds worth Rs 200 crore to Deutsche Bank AG, Singapore.
Shriram Transport Finance today said it will issue rupee-named bonds worth Rs 200 crore to Deutsche Bank AG, Singapore. “In this connection, the Shriram Transport has has signed today a purchase agreement with the Deutsche Bank AG, Singapore Branch, for buy of rupee-designated bonds (RBD),” said in documentation filing. Shriram Transport said the returns through the RBD, known by masala bonds, will be utilized according to RBI standards. The bonds will be listed on the Singapore Exchange Securities Trading Ltd. These bonds will mature on February 18, 2020, with the coupon rate of 8.25% per annum. The stock closed on 1.2% higher at Rs 963.70 on BSE.