Bond Indya 0% ( IN000639C020 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN000639C020 ( in INR )
Interest rate	0%
Maturity	17/06/2039
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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. The financial markets are currently observing a distinct sovereign debt instrument issued by the Government of India, identified by the ISIN IN000639C020. This bond, originating from India as the issuing nation, presents a unique profile within the fixed-income landscape, reflecting the nation's standing as the world's fifth-largest economy by nominal GDP and third by purchasing power parity, with its sovereign issuances forming a significant component of global emerging markets debt. The Government of India's robust economic policies, extensive development agenda, and diligent fiscal management underpin the creditworthiness of its sovereign instruments. This particular bond, denominated in Indian Rupees (INR), is currently quoted at a market price of 100% of its face value. A notable characteristic of this instrument is its stated interest rate of 0%, effectively categorizing it as a zero-coupon bond, which means investors do not receive periodic interest payments. For zero-coupon bonds, investment returns are typically realized from purchasing the bond at a discount to its par value and receiving the full par value at maturity; however, given its current market price at 100%, this specific bond, if held to its maturity date of June 17, 2039, yields 0%, suggesting a principal preservation focus or specific market conditions. The bond has a minimum purchase quantity set at 100 units, ensuring accessibility for various investor types, and indicates a single payment event, consistent with the nature of a zero-coupon instrument where the principal is paid solely upon maturity.