The Global Surfaces IPO is quickly approaching, with a tentative value of ₹154.98 crore, and expected listing date of 23rd March 2023. In the lead up to the IPO's debut on the stock market, the grey market has become slightly optimistic about the public issue. The GMP on the issue has increased by ₹4 since Tuesday, and is currently at ₹19.
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Shriram Finance has agreed to a 25-month bond with HSBC, which will allow them to cap their liabilities in the event of an interest rate increase after one year, while also taking advantage of any rate decreases. The bond will have a fixed 8.95% interest rate for the first 13 months and will be linked to one-year overnight indexed swaps (OIS) for the remainder of the term.
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Shriram Finance has agreed to a 25-month bond with HSBC, which will allow them to cap their liabilities in the event of an interest rate increase after one year, while also taking advantage of any rate decreases. The bond will have a fixed 8.95% interest rate for the first 13 months and will be linked to one-year overnight indexed swaps (OIS) for the remainder of the term.
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