Chennai: Shriram Finance Limited (SFL) on Wednesday announced the raising of $750 million through social bond from international bond markets.
It marks the largest deal size by one of the largest retail financing NBFC in the country.
A statement here said, the company has priced a $750 million Fixed Rate Senior Secured 144A / Reg S Bond for a more than 3.2 year tenor.
The proceeds from the bond would be used for employment generation especially through MSME financing, it added.
Umesh Revankar, executive vice chairman, SFL said, “Social impact continues to remain a focus area for the company and we are pleased to have received significant interest for our social bond. Social impact is similar to our priority sector with some strict exclusion and has big interest from the international investor community.”
