Bond India State Bank 10.7% ( INE062A09148 ) in INR

Issuer	India State Bank
Market price	100 % ⇌
Country	India
ISIN code	INE062A09148 ( in INR )
Interest rate	10.7% per year ( payment 1 time a year)
Maturity	07/06/2022 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	25 235 000 000 INR
Detailed description	State Bank of India (SBI) is India's largest commercial bank, offering a wide range of banking and financial services both domestically and internationally. A financial analysis of the bond identified by ISIN INE062A09148, issued by the State Bank of India, offers a comprehensive overview of this specific debt instrument within the Indian financial market. The State Bank of India, serving as the issuer, is recognized as India's largest public sector bank and a cornerstone of the nation's banking industry, headquartered in Mumbai, Maharashtra. As a government-owned corporation, SBI provides an extensive array of banking and financial services across retail, corporate, and international segments, holding a significant market share and playing a crucial role in economic development within India. This particular fixed-income instrument, categorized as a bond, was denominated in Indian Rupees (INR) and featured an annual coupon rate of 10.7%. The total issuance size for this bond was substantial, amounting to INR 25,235,000,000, with a minimum investment lot set at INR 1,000,000, targeting institutional and sophisticated investors. At the time of observation, the bond's market price stood at 100% of its par value, reflecting its stable valuation. Issued from India, the bond was structured with an annual payment frequency. The instrument reached its scheduled maturity date on June 7, 2022, and has subsequently been fully redeemed, confirming the complete repayment of principal to all bondholders.