Bond Shriram Transport Funding 8.72% ( INE721A07NL0 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A07NL0 ( in INR )
Interest rate	8.72% per year ( payment 1 time a year)
Maturity	22/03/2023 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	2 415 000 000 INR
Detailed description	Shriram Transport Finance Company is a leading Indian non-banking financial company (NBFC) specializing in financing commercial vehicles, including trucks, buses, and tractors, primarily serving small and medium-sized businesses. An in-depth analysis of a recently matured fixed-income instrument reveals details concerning the INE721A07NL0 bond, issued by Shriram Transport Finance, a prominent Indian non-banking financial company (NBFC) specializing in commercial vehicle financing, a crucial sector for India's economic growth. This specific bond, denominated in Indian Rupees (INR) and originating from India, was characterized by an attractive annual coupon rate of 8.72% and represented a total issuance size of INR 2,415,000,000, with a minimum purchase threshold set at INR 1,000,000. Having reached its scheduled maturity date on March 22, 2023, the instrument was successfully redeemed at 100% of its face value, confirming the full repayment to its bondholders.