💨 Abstract

Shriram Finance, a shadow lender in India, is planning to raise $500 million through the sale of three-year, six-month dollar-denominated bonds. The initial coupon guidance is 6.50%, and bids worth over $1 billion have been received so far. The final coupon will be determined later this week.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖