Shriram Transport Finance launched a tender offer to buyback up to $250mn of its outstanding $500mn 5.1% social bonds due July 2023 as per a filing. The company is is offering $985 per $1,000 in principal until an early-bird deadline of October 28, and $955 thereafter until the offer closes on November 14. The social bonds were originally issued in January 2020 under its $3bn global medium-term offering.

Its 5.1% 2023s are trading at 96.73 cents on the dollar, yielding 9.78%.

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