Bond Shriram Transport Funding 9.4% ( INE721A07OO2 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A07OO2 ( in INR )
Interest rate	9.4% per year ( payment 1 time a year)
Maturity	06/02/2022 - Bond has expired
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Minimal amount	1 000 INR
Total amount	1 799 980 000 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 examination of the INE721A07OO2 bond reveals a successfully matured and redeemed debt instrument issued by Shriram Transport Finance, a prominent Indian non-banking financial company specializing in commercial vehicle financing and a key player in India's financial services sector, particularly in serving rural and semi-urban demographics. This obligation, denominated in Indian Rupees (INR), carried an attractive interest rate of 9.4% and concluded its term on its maturity date of February 6, 2022, at which point it was redeemed at 100% of its face value. The total issuance size for this bond was INR 1,799,980,000, with a minimum investment threshold set at INR 1,000, and interest payments were structured with an annual frequency, reflecting a standard Indian fixed-income offering that has now fully completed its financial cycle.