Home » Srei Equipment Finance plans $500 mn debt issue

Srei Equipment Finance plans $500 mn debt issue

Infrastructure Finance
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August 1, 2015August 1, 2015
Srei Equipment Finance plans $500 mn debt issue

Srei Equipment Finance, an equal-stake joint venture between Srei Infra and Paribas, is planning to raise about USD 500 million in tranches through a Medium Term Note (MTN) issue on the Singapore Stock Exchange. This comes shortly after parent Srei Infrastructure said it would mobilise up to Rs 1,000 crore through bonds in the domestic market. The whole of USD 500 million won´t be raised in one go, but in tranches. The issue was planned three months back, but wasn´t launched as costs of funds were found to be too high.

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