| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |

Bond Market News

Shriram Receives $247.5mn in Notes Under Buyback Tender

November 1, 2022

Shriram Transport Finance received investors’ applications for the buyback of $247.53mn of its $500mn 5.1% bonds due 2023 by the early deadline of October 28 under its tender offer. Shriram had launched the buyback in mid-October, offering to repurchase up to $250mn of the notes. Shriram said the aggregate consideration to be paid for the early tendered amount will be $243.82mn with settlement on or around November 3. Shriram will pay $985 per $1,000 in principal until the early-bird deadline, and $955 thereafter until the offer closes on November 14.

Its 5.1% 2023s were trading flat at 97.75 cents on the dollar, yielding 8.45%.

Related Posts:
Registered office: 8 Marina View, #43-062 Asia Square Tower 1, Singapore 018960
© Copyright BondbloX 2024, All Rights Reserved.