India's Shriram Finance accepts bids for dollar-denominated bonds, bankers say
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 25 2024
0mins
Source: Reuters
Bond Issuance Details: Shriram Finance has successfully accepted bids worth $500 million for its dollar-denominated bonds maturing in three and a half years, with a coupon rate of 6.15%, lower than the initial guidance of 6.50%.
Market Response and Ratings: The bond issue attracted bids totaling approximately $1.2 billion and will be rated BB by S&P and Fitch, with several major banks acting as lead managers for the issuance.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
