Bond Shriram Transport Funding 8.52% ( INE721A07PI1 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A07PI1 ( in INR )
Interest rate	8.52% per year ( payment 1 time a year)
Maturity	28/01/2023 - Bond has expired
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Minimal amount	1 000 INR
Total amount	215 549 000 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 analysis of the fixed-income instrument identified by ISIN INE721A07PI1, issued by Shriram Transport Finance, offers insights into a successfully concluded debt offering from the Indian financial market. Shriram Transport Finance, a prominent Non-Banking Financial Company (NBFC) in India, holds a significant position in the country's financial sector, specializing in the financing of commercial vehicles, particularly serving first-time buyers and small road transport operators, thereby playing a crucial role in supporting India's logistics and transportation industry. This particular bond, denominated in Indian Rupees (INR), featured an attractive annual interest rate of 8.52% and represented a total issue size of INR 215,549,000. With a minimum purchase size set at INR 1,000, it was structured to be accessible to a diverse investor base, and coupon payments were made with an annual frequency. The bond, which was issued in India, reached its full maturity on January 28, 2023, at which point its market price was recorded at 100% of its par value. It is confirmed that this obligation has successfully matured and has been fully redeemed, with all principal and interest payments having been completed, marking the successful closure of this investment vehicle.