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%.

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