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.

Listen to this article

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.

 

Latest

No longer required to pay State levies: Dalmia Bharat

The Act notified by the Central Government as amended...

Grounding of Parandur plan: Will it hurt TN dream?

The proposed second airport project at Parandur was announced...

FM Sitharaman to visit Canada, US

During her visit to Toronto, Canada,  Sitharaman will participate in...

UPI completes 10 years

Annual transaction volume expanded from just 1.78 crore transactions...

Newsletter

Don't miss

No longer required to pay State levies: Dalmia Bharat

The Act notified by the Central Government as amended...

Grounding of Parandur plan: Will it hurt TN dream?

The proposed second airport project at Parandur was announced...

FM Sitharaman to visit Canada, US

During her visit to Toronto, Canada,  Sitharaman will participate in...

UPI completes 10 years

Annual transaction volume expanded from just 1.78 crore transactions...

TCS lands major deal from Porsche

The acquisition will strengthen TCS’ presence in the German...

No longer required to pay State levies: Dalmia Bharat

The Act notified by the Central Government as amended the Mines and Minerals (Development and Regulation) Act, 1957 (“MMDR”), to restrict the imposition of...

Grounding of Parandur plan: Will it hurt TN dream?

The proposed second airport project at Parandur was announced in August 2022. Since then, people in and around the village have been protesting and...

FM Sitharaman to visit Canada, US

During her visit to Toronto, Canada,  Sitharaman will participate in the inaugural Economic and Financial Dialogue with H.E. Mr. François-Philippe Champagne, Minister of Finance and National Revenue...