Bond Kotak Mahindra Premier Bonds 10.1% ( INE916D08CX6 ) in INR

Issuer	Kotak Mahindra Premier Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE916D08CX6 ( in INR )
Interest rate	10.1% per year ( payment 1 time a year)
Maturity	30/11/2020 - Bond has expired
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Minimal amount	/
Total amount	200 000 000 INR
Detailed description	Kotak Mahindra Prime Bond is a fixed-income investment offering a fixed interest rate for a specified tenure, providing investors with predictable returns and capital protection at maturity. This financial report details the characteristics and resolution of a bond identified by ISIN code INE916D08CX6, issued by Kotak Mahindra Prime Bond. Kotak Mahindra Prime, a prominent non-banking financial company (NBFC) in India and a wholly-owned subsidiary of Kotak Mahindra Bank, is primarily engaged in vehicle financing and other lending activities. This specific bond, originating from India and denominated in Indian Rupees (INR), featured an attractive interest rate of 10.1% and had a total issue size of INR 200,000,000. Interest payments were structured with an annual frequency. The bond reached its maturity date on November 30, 2020, and its principal amount was fully repaid at par to investors, signifying a successful and timely redemption.