Shriram Finance allots NCDs via private placement

Shriram Finance announced the allotment of Non-Convertible Debentures (NCDs) following a meeting of its Allotment Committee on March 28, 2025. The issue, designated Series SFL 2 PPD 2024-25 Further Issue 1, consists of senior, secured, rated, listed, redeemable, and taxable NCDs. The company is issuing 10,000 NCDs with a face value of Rs. 1,00,000 each, reissued at Rs. 103,769.84 per debenture including accrued interest. The coupon rate is fixed at 8.9267% per annum, payable annually. The issue size totals Rs. 100 Crores, with a premium of Rs. 345.90 and an effective yield of 8.75%. The NCDs are listed on the WDM segment of BSE and will mature on July 20, 2027. Proceeds will augment the company's long-term resources and be utilized for financing asset classes, onward lending, refinancing debt, meeting working capital needs, and general purposes.