StockWatch
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Non Banking Financial Company (NBFC)
Loan & Debt21 Sept 2026, 12:58 pm

Shriram Finance Launches Tender Offers for USD Notes

AI Summary

Shriram Finance Limited has announced the commencement of tender offers to purchase for cash up to U.S.$300,000,000 of its 6.625% Senior Secured Notes due 2027 and up to U.S.$160,000,000 of its 6.15% Senior Secured Notes due 2028. These offers are part of the company's USD 3,500,000,000 Global Medium Term Note Programme. The tender offers are being made pursuant to a Tender Offer Memorandum dated September 21, 2026. The purchase price for the 2027 Notes is U.S.$1,000 per U.S.$1,000 principal amount, plus an additional U.S.$11.50. For the 2028 Notes, the purchase price is U.S.$1,000 per U.S.$1,000 principal amount, plus an additional U.S.$13.00.

Key Highlights

  • Shriram Finance initiates tender offers for two series of USD-denominated notes.
  • Offers target up to $300M of 2027 notes and $160M of 2028 notes.
  • Purchase prices include a premium and additional interest amount.
  • Tender offers are part of the company's Global Medium Term Note Programme.