Bond Shriram Transport Funding 10.25% ( INE721A08CJ5 ) in INR

Issuer Shriram Transport Funding
Market price 100 %  ⇌ 
Country  India
ISIN code  INE721A08CJ5 ( in INR )
Interest rate 10.25% per year ( payment 1 time a year)
Maturity 19/05/2023 - 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 200 000 000 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 debt instrument identified by ISIN code INE721A08CJ5, issued by Shriram Transport Finance, has successfully concluded its lifecycle, offering insights into a specific segment of the Indian fixed income market. Shriram Transport Finance Company Limited (STFCL) stands as one of India's largest non-banking financial companies (NBFCs), specializing primarily in commercial vehicle financing, a crucial role player in the Indian financial services landscape by extending credit to the often underserved segments of the transport industry, including small truck owners and first-time buyers, thereby fostering economic activity and last-mile connectivity across the nation; the company is an integral part of the diversified Shriram Group. This particular bond, issued from India and denominated in Indian Rupees (INR), featured an attractive annual interest rate of 10.25%. With a total issue size amounting to INR 200,000,000 and a minimum investment threshold set at INR 1,000,000, it was designed for accessibility within its target market. During its tenure, the bond's market price was consistently noted at 100%, reflecting par value trading, with interest payments structured to occur annually. The bond reached its scheduled maturity date on May 19, 2023, and has since been fully repaid, signifying the complete redemption of both principal and final interest to bondholders and marking the successful completion of its investment cycle.