Bond Shriram Transport Funding 0% ( INE721A08976 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A08976 ( in INR )
Interest rate	0%
Maturity	01/03/2017 - Bond has expired
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Minimal amount	1 000 INR
Total amount	168 700 000 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. A review of bond market instruments highlights a specific obligation (ISIN: INE721A08976) previously issued by Shriram Transport Finance, a prominent non-banking financial company (NBFC) based in India. Shriram Transport Finance Company Limited (STFC) is a vital player in the Indian financial sector, primarily known for its extensive involvement in commercial vehicle financing, serving a wide array of clients including first-time buyers and small road transport operators, thus significantly contributing to the nation's transportation and logistics infrastructure. This particular bond, denominated in Indian Rupees (INR), represented a total issue size of INR 168,700,000 and was structured with a minimum purchase amount of INR 1,000. Notably, the bond specified an interest rate of 0% and a payment frequency of 1, which, coupled with its market price at maturity being 100%, indicates its operation as a zero-coupon bond, where investor returns are derived from the difference between the discounted initial purchase price and the full face value received at maturity. The bond reached its scheduled maturity date on March 1, 2017, and has since been fully repaid to its bondholders, confirming the successful conclusion of its term within the capital markets.