Shriram Finance raises $500 via Social Bonds

Shriram Finance Ltd. has raised $500 million by way of Social Bonds at an rate of interest of 6.15%. The bonds will mature in 2028.

Umesh Revankar, Govt Vice Chairman, Shriram Finance mentioned, “This opportunistic issuance, executed below beneficial market situations, obtained an amazing response from world traders.”

“As our ninth profitable public $ bond issuance, following the $750 million transaction in January 2024, this displays sturdy investor confidence in our financials, strategic imaginative and prescient, and dedication to fostering sustainable and inclusive development,” he added.