Shriram's social bond gets stellar US support

By Morgan Davis
10 Jan 2020

Shriram Transport Finance Co appealed to investors in the US by selling a social bond that flew off the shelves, allowing the Indian non-banking financial company to raise $500m.

Shriram's 144A/Reg S trade is the first foreign currency bond from India to carry a social label, according to Dealogic. The only other Indian social bond came from Indiabulls Housing Finance, when it sold a Masala bond in January 2018.

NBFC Shriram had plenty working in ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.