Shriram Fin buys back part of FRN

Shriram Finance Ltd. has informed the stock exchange that it has purchased and settled USD 45,000,000 of the total principal amount outstanding of USD 150,000,000 Senior Secured Floating Rate Notes (FRN) issued to MUFG Securities EMEA plc.

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These Senior Secured Notes were part of the USD 3,500,000,000 Global Medium Term Note Programme issued through private placement.

“The purchase of the Senior Secured Notes are in compliance with the applicable laws including Master Directions on External Commercial Borrowings, Trade Credits and Structured Obligations issued by the Reserve Bank of India on March 26, 2019,” said the company in its notification.

The balance outstanding principal amount is USD 105,000,000.

 

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