Announced Thu, 1 Oct, 2026 · 13:19 IST
Shriram Finance completes buyback of USD 460 mn senior secured notes
SHRIRAMFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-1.1%1-day move
₹982.70
prior close
₹946.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.2+0.2-0.6-1.1-1.9-3.7-6.7——————
Up moveDown movePending
AI summary
Shriram Finance bought back USD 299.98 mn of its 6.625 percent Notes due 2027 and USD 160 mn of its 6.15 percent Notes due 2028 under its Global Medium Term Note Programme. Total consideration paid was about USD 479 mn including accrued interest. The repurchased notes have been cancelled. Remaining outstanding: USD 450 mn (2027) and USD 340 mn (2028).
Likely market impact
Reduces dollar debt by about 28 percent, slightly improving leverage. Minor positive for credit quality.