Bond Shriram Transport Funding 11% ( INE721A08893 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A08893 ( in INR )
Interest rate	11% per year ( payment 1 time a year)
Maturity	19/04/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 000 INR
Total amount	250 000 000 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. The INE721A08893 bond, issued by Shriram Transport Finance, a prominent Indian non-banking financial company specializing in commercial vehicle financing, successfully reached its maturity on April 19, 2020, and has been fully redeemed. This fixed-income instrument, denominated in Indian Rupees (INR) and issued within India, carried a robust annual coupon rate of 11%, reflecting a significant yield for investors given its type and origin. With a total issuance size of INR 250,000,000 and a minimum purchase threshold of INR 1,000,000 per lot, this obligation was ultimately repaid at 100% of its face value upon its scheduled maturity, confirming a successful financial cycle for the issuer and its bondholders.