Bond Shriram Transport Funding 10.67% ( INE721A08CR8 ) in INR

Issuer	Shriram Transport Funding
Market price	100 % ⇌
Country	India
ISIN code	INE721A08CR8 ( in INR )
Interest rate	10.67% per year ( payment 1 time a year)
Maturity	10/03/2019 - Bond has expired
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Minimal amount	1 000 000 INR
Total amount	240 000 000 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 in-depth review of the bond identified by ISIN INE721A08CR8, issued by Shriram Transport Finance, reveals a key fixed-income instrument from a leading Indian non-banking financial company (NBFC), renowned for its specialized focus on commercial vehicle financing across India, particularly catering to the unorganized sector of small truck operators within the diversified Shriram Group conglomerate. This particular bond, denominated in Indian Rupees (INR), featured a robust coupon rate of 10.67% and represented a total issuance size of INR 240,000,000, with a minimum purchase threshold set at INR 1,000,000. Issued within India, the bond successfully reached its maturity on March 10, 2019, being valued at 100% of its principal at that time, and has since been fully repaid, confirming its successful conclusion as a fully redeemed financial obligation.