💨 Abstract

India's Shriram Finance has accepted $500 million in bids for its three-year, six-month dollar-denominated bonds, with a coupon of 6.15%. The issue received bids of around $1.2 billion, and will be rated BB by S&P and Fitch. The deal is managed by a consortium of global banks, including Barclays, Citigroup, and JP Morgan.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖