Bond Kotak Mahindra Premier Bonds 7.5612% ( INE916DA7QL7 ) in INR

Issuer	Kotak Mahindra Premier Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE916DA7QL7 ( in INR )
Interest rate	7.5612% per year ( payment 1 time a year)
Maturity	27/01/2023 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	/
Total amount	7 550 000 000 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 fixed-income instrument identified by ISIN INE916DA7QL7, issued by Kotak Mahindra Prime Bond, has successfully reached its maturity and been fully redeemed. Kotak Mahindra Prime Bond operates as a significant entity within the Kotak Mahindra Group, a prominent financial services conglomerate in India, renowned for its extensive operations spanning banking, lending, and various financial products across the subcontinent. This particular bond, denominated in Indian Rupees (INR) and originating from India, carried a coupon rate of 7.5612%. With a total issue size of INR 7,550,000,000, it represented a substantial offering in the domestic market. The bond matured on January 27, 2023, at which point it was fully repaid at its 100% par value. Throughout its term, the instrument featured an annual interest payment frequency, ensuring consistent returns for its holders up to its successful redemption.