Shriram Finance to announce a bond buyback
Shriram Finance is likely to announce a bond buyback as early as next week, citing free cash flows and lower borrowing costs after a rating upgrade.
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04:17:33 AM UTC
SquawkNews
Shriram Fin Plans $500 m Bond Buyback to Lower Costs
Shriram Finance is likely to announce a $500-million bond buyback as early as next week, as it seeks to use free cash flows and lower borrowing costs after a rating upgrade linked to Japan's largest bank, Mitsubishi, buying a 20% stake in the local non-bank lender.