The opportunity to earn from Shriram Transport's bond
Shriram Transport is going to issue a second tranche of bonds. Coupons will be available on these bonds ranging from 8.52 percent to 9.10 percent.
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How will the company use the fund? "The funds raised from the bonds will be used for lending, financing and repair and prepayment for existing borrowings," the company said in its statement.
Coupon offer up to 9.10% on interest payment The company is issuing bonds for 3 and 5 years which will have the option of cumulative interest payments monthly and annually. At the same time, there will be an option for monthly and annual interest payments on 7-year bonds issued by the company. These bonds will offer coupons ranging from 8.52 per cent to 9.10 per cent, which will be for different interest payment options.Also read: Note kept in pocket is real or fake! Scan address from your phone!
You can subscribe from 6 to 22 January
This second tranche of bonds to be issued by Shriram Transport will open for subscription on 6 January. In the information provided by the company, it has been said that it will be till January 22. This bond will be listed on the National Stock Exchange and the Bombay Stock Exchange.Also read: Cyrus Mistry case: Tata Sons challenged tribunal's decision in SC
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First published: January 2, 2020, 6:33 PM IST
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