Bond Muthoot Financial Bonds 0% ( INE414G07IP0 ) in INR

Issuer	Muthoot Financial Bonds
Market price	100 % ▲
Country	India
ISIN code	INE414G07IP0 ( in INR )
Interest rate	0%
Maturity	12/10/2026
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Minimal amount	/
Total amount	7 000 000 000 INR
Detailed description	Muthoot Finance Bonds are debt instruments issued by Muthoot Finance, a prominent Indian non-banking financial company (NBFC), offering investors fixed income with varying maturity periods and interest rates. A notable bond instrument, identified by ISIN INE414G07IP0, has been issued by Muthoot Finance Bonds, a debt-issuing entity affiliated with Muthoot Finance Ltd., one of India's prominent non-banking financial companies (NBFCs). Muthoot Finance Ltd. holds a significant position in the Indian financial landscape as the country's largest gold loan NBFC, primarily engaged in providing loans against the collateral of gold jewelry through an extensive network of branches across India. This core business enables financial inclusion and contributes to the broader economic activity, with bond issuances like this one forming a crucial part of its funding strategy to support its substantial lending operations and growth initiatives. This particular bond, denominated in Indian Rupees (INR) and issued within India, represents a significant market offering with a total issuance size of INR 7,000,000,000. It is scheduled to reach maturity on October 12, 2026, providing a defined end date for the investment. A distinctive feature of this security is its zero-coupon structure, meaning it does not disburse periodic interest payments to bondholders. Historically, zero-coupon bonds are acquired at a discount to their face value, with the investor's return accruing from the difference between the discounted purchase price and the full face value received upon redemption at maturity. However, the bond is currently observed trading at 100% of its par value on the market. This characteristic implies that for prospective investors acquiring the bond at its present market price and holding it through to its maturity date, there would be no capital appreciation derived from an initial discount, and given the stated 0% interest rate, no coupon payments, consequently yielding no return if held from the current market price until maturity. The bond's payment frequency, indicated as a single event, further reinforces its zero-coupon design, with the principal repayment constituting the sole financial transaction at maturity.