Shriram Transport Finance Company Limited is tapping the capital markets with a bond issue to raise Rs 250 crs with an option to retain over-subscription of Rs 250 crs. There is a very high reservation of the issue for retail investors with 80% of the issue reserved for them. Within this reservation half of the same is reserved for applications upto Rs 5 lakhs and half for applications above Rs 5 lakhs.

The issue opens on Monday the 17th of May and closes on Monday the 31st of May. The yield on the instrument will vary from 9.75% to 11.25% depending upon the tenor of the instrument. More on this issue which is attractive in the next two days.