Shriram Transport Finance Company Ltd Public Issue NCD

Shriram Transport Finance Company Ltd Public Issue NCD Shriram Commercial Vehicle Finance Shriram Transport Finance Company Ltd (STFC) is coming up with the public issue of Secured Non-Convertible Debentures aggregating upto Rs.300 Crores with an option to retain over-subscription upto Rs.300 Crores. The issue is scheduled to open from 26th of July 2012. Shriram Transport Finance Company Limited (STFC), the largest asset financing NBFCs in India*, plans to enter the debt capital market on July 26, 2012 with a public issue of Secured Non Convertible Debentures of face value of Rs 1,000 each, (“NCDs”), aggregating upto Rs. 300 crores with an option to retain over-subscription upto Rs. 300 crores for issuance of additional NCDs aggregating to a total of upto Rs. 600 crores (“Issue”) The Issue shall be open for subscription from July 26, 2012 to August 10, 2012 with an option to close the Issue on such earlier date or extended date as may be decided at the discretion of the duly authorised committee of Directors of the Company subject to necessary approvals. The NCDs proposed to be issued under this Issue have been rated ‘CRISIL AA/Stable’ by CRISIL for an amount of upto ` Rs. 600 crores’ and ‘CARE AA+' by CARE for an amount of upto ‘Rs. 600 crores’. The rating of the NCDs by CRISIL and CARE indicates high degree of safety regarding timely servicing of financial obligations and carrying very low credit risk. The NCDs offered through the Prospectus dated July 16, 2012, are proposed to be listed on the NSE and the BSE. The funds raised through this Issue, after meeting the expenditures of and related to the Issue, will be used for STFC’s various financing activities including lending and investments, for repaying the existing loans and for the business operations including capital expenditure and working capital requirements. Shriram Transport Finance Company Ltd India's largest player in commercial vehicle finance, established in the year 1979. One of the largest asset financing NBFCs in India with a niche presence in financing pre-owned trucks and Small Truck Owners (STOs). Widespread network with a large customer base - Has a network of 488 branches and service centres Strategically expanded marketing and customer origination network by entering into partnership and co-financing arrangements with private financiers High Credit Rating – “AA” by CRISIL & “AA-“ by CARE