Loan & Debt1 Oct 2026, 01:25 pm
Shriram Finance Buys Back Senior Secured Notes Worth $460M
AI Summary
Shriram Finance Limited announced the successful purchase of Senior Secured Notes under its USD 3,500,000,000 Global Medium Term Note Programme. The company repurchased U.S.$299,979,000 of its 6.625 percent Senior Secured Notes due 2027 for an aggregate consideration of U.S.$312,151,064.87 and U.S.$160,000,000 of its 6.15 percent Senior Secured Notes due 2028 for U.S.$166,918,000.27. This action was undertaken in compliance with applicable laws, including the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. The settlement of these purchased notes has been completed.
Key Highlights
- Shriram Finance repurchased $299.98M of 2027 notes and $160M of 2028 notes.
- Total consideration for the buyback was approximately $479.07M.
- The purchase was part of a Tender Offer under the GMTN Programme.
- Settlement of purchased notes has been successfully completed.
- Transaction complies with relevant foreign exchange regulations.
Price Impact
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