Shriram's social bond gets stellar US support
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 ...
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