Bond Sundaram Financial Bonds 0% ( INE660A07RI7 ) in INR

Issuer	Sundaram Financial Bonds
Market price	100 % ▲
Country	India
ISIN code	INE660A07RI7 ( in INR )
Interest rate	0%
Maturity	28/10/2027
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Detailed description	Sundaram Finance Bonds are debt instruments issued by Sundaram Finance, a prominent Indian non-banking financial company (NBFC), offering investors fixed income with varying maturities and interest rates. The INE660A07RI7 bond, a debt instrument originating from the Indian market, currently presents an intriguing profile within the fixed-income landscape, specifically issued by Sundaram Finance, a prominent Non-Banking Financial Company (NBFC) in India with a strong foothold in vehicle finance and a diversified presence across various financial services. This particular bond, classified as an obligation, carries the ISIN code INE660A07RI7, distinguishing it uniquely in the global securities market. Issued from India and denominated in Indian Rupees (INR), the bond currently trades at 100% of its face value, reflecting its present market valuation. A notable characteristic of this security is its 0% interest rate, categorizing it as a zero-coupon bond; such instruments are typically issued at a discount to their par value and mature at their face value, with the investor's return derived from the capital appreciation over the bond's life rather than through periodic coupon payments. The bond is set to mature on October 28, 2027, marking the date when the principal repayment is due to bondholders. While the payment frequency is indicated as '1', for a zero-coupon bond, this signifies the single principal payment occurring at the maturity date, rather than annual interest distributions. Sundaram Finance Bonds, the issuer, is an integral part of Sundaram Finance Ltd., a well-established entity known for its extensive network and deep understanding of the Indian financial ecosystem, offering services from asset finance to housing finance, thereby providing a robust institutional backing to its debt offerings.