Bond India Trade Bank 9.58% ( INE514E08DH8 ) in INR

Issuer	India Trade Bank
Market price	100 % ⇌
Country	India
ISIN code	INE514E08DH8 ( in INR )
Interest rate	9.58% per year ( payment 1 time a year)
Maturity	16/12/2023 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	1 270 000 000 INR
Detailed description	The Export-Import Bank of India (Exim Bank) is a specialized financial institution that provides financial assistance to Indian exporters and importers to promote international trade. A fixed-income instrument, specifically a bond identified by ISIN code INE514E08DH8, issued by the Export-Import Bank of India, has successfully matured and been fully repaid. The Export-Import Bank of India (EXIM Bank) is a premier financial institution, wholly owned by the Government of India, established in 1982 to promote the nation's international trade and investment by providing financial assistance to exporters and importers, and to function as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services. This particular bond, originating from India and denominated in Indian Rupees (INR), featured a competitive coupon rate of 9.58% and represented a total issuance size of INR 1,270,000,000, with a minimum investment threshold set at INR 1,000,000. Interest payments were structured on an annual frequency, and the bond, which was previously observed trading at 100% of its face value on the market, reached its scheduled maturity date on December 16, 2023, at which point all principal and due interest obligations were discharged, signifying its complete redemption.