Bond Kotak Mahindra Premier Bonds 0% ( INE916DA7QK9 ) in INR

Issuer	Kotak Mahindra Premier Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE916DA7QK9 ( in INR )
Interest rate	0%
Maturity	06/12/2022 - Bond has expired
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Minimal amount	/
Total amount	500 000 000 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. The bond, identified by its ISIN INE916DA7QK9, was an issuance from Kotak Mahindra Prime, a notable Non-Banking Financial Company (NBFC) under the extensive Kotak Mahindra Group, a leading diversified financial services conglomerate in India. Issued in India and denominated in Indian Rupees (INR), this zero-coupon instrument, characterized by its 0% interest rate and a single payment frequency, had a total issue size of INR 500,000,000. Having matured on December 6, 2022, the bond was successfully redeemed at 100% of its market value, confirming the full repayment to investors.