Bond Indya 0% ( IN000357C029 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN000357C029 ( in INR )
Interest rate	0%
Maturity	19/03/2057
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Minimal amount	100 INR
Total amount	/
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. This report provides an in-depth analysis of a specific long-dated sovereign bond issued by the Republic of India, identified by the ISIN code IN000357C029. The issuer, India, represents a significant emerging market economy, characterized by its vast population, robust domestic consumption, and a diverse economic landscape spanning agriculture, services, and manufacturing. As a sovereign entity, the Government of India issues debt instruments in its domestic currency, the Indian Rupee (INR), to finance its public expenditure, manage fiscal policy, and support infrastructure development, with these obligations generally reflecting the sovereign credit risk of the nation. This particular bond, denominated in INR and issued within India, stands out due to its remarkably distant maturity date of March 19, 2057, classifying it as an ultra-long-term debt instrument in the market. It is currently observed to be trading at 100% of its par value on the market. A distinct characteristic of this bond is its stated interest rate of 0%, which implies it is a zero-coupon bond, meaning investors do not receive periodic interest payments (coupons) throughout the bond's life; instead, the potential return for investors is typically realized through purchasing the bond at a discount to its face value and receiving the full principal amount at maturity, or via capital appreciation, though its current trading price at par alongside a 0% interest rate presents unique yield considerations. Despite a specified payment frequency of '1', referring to annual payments, the 0% interest rate confirms no recurring coupon distributions. The bond is accessible with a minimum purchase size set at 100 units, making it available to institutional and potentially individual investors seeking long-term exposure to Indian sovereign debt.