Bond Shriram Transport Funding 9.25% ( INE721A07PU6 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A07PU6 ( in INR )
Interest rate	9.25% per year ( payment 1 time a year)
Maturity	28/02/2022 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	2 000 000 000 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 analysis of the recently matured bond, ISIN INE721A07PU6, issued by the prominent Indian financial institution Shriram Transport Finance, a leading non-banking financial company (NBFC) specializing in vehicle financing, particularly for pre-owned commercial vehicles and small transport operators crucial to India's logistics sector, reveals key details surrounding its successful redemption: this debt instrument, denominated in Indian Rupees (INR) and part of a total issuance size amounting to INR 2,000,000,000 with a minimum purchase threshold of INR 1,000,000, carried an attractive annual interest rate of 9.25%, and precisely reached its maturity date on February 28, 2022, at which point it was redeemed at 100% of its face value, confirming its full repayment to bondholders.