Bond Himadri Specialty Chemicals 0.01% ( INE0SG908017 ) in INR

Issuer	Himadri Specialty Chemicals
Market price	100 % ⇌
Country	India
ISIN code	INE0SG908017 ( in INR )
Interest rate	0.01% per year ( payment 1 time a year)
Maturity	11/03/2029
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Minimal amount	/
Total amount	50 000 000 INR
Next Coupon	11/03/2026 ( In 223 days )
Detailed description	Himadri Speciality Chemical is an Indian manufacturer and supplier of specialty chemicals, including performance chemicals, industrial chemicals, and agricultural chemicals. An insightful look into the debt market reveals an Indian bond issuance from Himadri Speciality Chemical Ltd., a prominent India-based chemical manufacturing company. Himadri Speciality Chemical Ltd. has solidified its position as a key player in the Indian chemical sector, specializing in the production of coal tar pitch, carbon black, and a diverse range of other specialty chemicals critical for industries including aluminium, automotive tires, and lithium-ion batteries, with a strategic focus on innovation and sustainable practices. The specific bond under review bears the ISIN code INE0SG908017 and is classified as an obligation, a type of debt instrument. Denominated in Indian Rupees (INR), this bond features an exceptionally low stated interest rate of 0.01%, paid annually, a characteristic that might imply a deep discount bond structure, a nominal placeholder, or an exceptionally low coupon reflecting specific market conditions or a particular type of structured debt. The total size of this particular issuance is INR 50,000,000, providing a measure of its scale within the issuer's capital structure. Currently, the bond is observed trading at its par value of 100% in the market, indicating that its market price aligns precisely with its principal value. Investors holding this security can anticipate its maturity on March 11, 2029, at which point the principal amount will be repaid. The payment frequency for this bond is set at one payment per year, ensuring annual distribution of its stated interest.