Bond Indya 0% ( IN000620C079 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN000620C079 ( in INR )
Interest rate	0%
Maturity	15/06/2020 - Bond has expired
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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 financial article details the specifics of a matured sovereign bond, identified by ISIN IN000620C079. Issued by the Republic of India, a significant global economic power and sovereign entity, this debt instrument played a role in the nation's public finance strategy, typically utilized to fund various governmental expenditures or infrastructure projects, reflecting the issuer's creditworthiness and economic stability. Denominated in Indian Rupees (INR), the bond was characterized by a zero-coupon structure, indicating a 0% stated interest rate, where investor returns were derived from purchasing the bond at a discount and receiving its full face value upon maturity. With a minimum purchase size of 100 units, the bond's definitive maturity date was June 15, 2020. Its reported 'current market price' of 100% signifies its successful redemption at par, confirming that the bond has indeed reached its maturity and the principal amount has been fully repaid to bondholders. The listed payment frequency of '1' is consistent with the single principal payment made upon the bond's maturity, aligning with its zero-coupon nature.