Shriram Finance raises $500M at 6.15% for sustainable lending, due to strong investor interest.

Shriram Finance, an Indian non-banking finance company, has raised $500 million by issuing three-and-a-half-year fixed-rate bonds at 6.15%, below the initial 6.50% target due to strong investor interest. The funds will support sustainable lending, especially in vehicle finance. The successful issuance follows a 50 basis point cut in U.S. interest rates, enhancing liquidity. Leading global banks managed the bond sale, reflecting robust confidence in Shriram Finance.

September 25, 2024
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