Shriram Finance Limited has successfully priced a USD 750 million Fixed Rate Senior Secured 144A /Reg S Bond for a 3.25 year tenor. This deal marks the largest deal size by the company. This is the Company's 8th successful USD public bond issuance since the relaxation in the ECB guidelines.

Following a strong book build supported by high quality long only marquee investors, the Company was able to achieve highest tightening in the pricing by 37.5 bps. This also marks the tightest credit spreads over 3 year US Treasuries in its USD bonds. The bond got an overwhelming response from over 200 investors with the order book in the range of 4x of the issue size.

The transaction witnessed 32% participation from APAC, 32% from EMEA and 36% from US with 81% investment from asset managers/fund managers, 10% from Sovereign Supranational and Agency /Insurance and 3% from private banks and others. SFL's Social Bond issuance is guided by SFL's Social Finance Framework which is aligned to the ICMA Social Bond Principles. The proceeds from the bond would be used for employment generation especially through MSME financing.

SFL has obtained a second party opinion from S&P on its Social Finance Framework mapping to UNs Sustainable Development Goals - 1. No poverty, 8. Decent work and economic growth, 9. Industry, innovation and infrastructure, 10. Reduced inequalities.