Shriram City Union Finance planning to raise funds up to Rs 750 crore via NCDs
4th Apr 2019

Shriram City Union Finance is planning to raise funds up to Rs 750 crore through non-convertible debentures (NCDs). The base size of the issue is Rs 100 crore with an option to retain oversubscription of Rs 650 crore.

The company is offering three bonds maturing in 2, 3 and 5 years with coupons ranging between 9.55%- 9.75%, on an annual basis. This is the first NCD by the company in the last five years. It has an approval to raise Rs 3,000 crore from bonds.

Shriram City Union Finance is India’s premier financial services company specializing in small-ticket retail finance.