Shriram finance and HSBC agree to 25-month bond
Wed, Mar 22, 2023 2:27 PM

Shriram finance and HSBC agree to 25-month bond

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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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