by Amruth Sundarkumar | Nov 17, 2022 | High Yield Bonds, India
Shriram Transport Finance accepted $251.83mn of its 5.1% 2023s that were tendered by its bondholders under a buyback that was launched on October 17. Of the total amount tendered, $247.53mn had already been tendered by the early deadline of October 28 and another...
by Amruth Sundarkumar | Nov 1, 2022 | High Yield Bonds, India
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...
by Amruth Sundarkumar | Oct 18, 2022 | High Yield Bonds, India
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...
by Amruth Sundarkumar | Aug 1, 2022 | Corporates, India
Indian NBFC Shriram Transport Finance launched a tender for any and all of its $750mn 5.95% dollar bonds due October 2022 on Friday. The company is offering par plus accrued and unpaid interest for the 2022s, with the offer expiring on 11 August. Shriram also launched...
by Amruth Sundarkumar | Apr 29, 2022 | Corporates, India
India’s Shriram Transport Finance’s (STFC) net profits jumped 44% YoY in the preceding quarter to INR 10.9bn ($140mn). Net interest income increased 22% to INR 26.3bn ($340mn), helping profits tick higher. Total operating revenues were up 13% to INR 50.9bn...
