Shriram Transport Fin may look at raising $250 million via social bonds MUI urges shipping ministry to take cognisance of 'Neptune Declaration'

Af ter raising USD 500 million through social bond issue earlier this month, non-banking financial company Shriram Transport Finance Company may look at raising another USD 250 million from such bonds before March, a top company official said. As part of its USD 3 billion global medium term note programme, the deposit taking NBFC had raised USD 500 million at a coupon rate of 4.4 per cent.

Maritime body MUI on Sunday urged the government to take cognisance of 'Neptune Declaration on Seafarer Wellbeing and Crew Change' in the formulation of Maritime India Vision 2030. The Neptune declaration primarily focuses on recognising seafarers as key workers by all governments worldwide. The Ministr y of Ports, Shipping and Waterways of India will be formulating 'Maritime India Vision'.