Bond Indya 0% ( IN000648C021 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN000648C021 ( in INR )
Interest rate	0%
Maturity	15/06/2048
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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 a specific bond instrument, ISIN IN000648C021, issued by the Government of India, a sovereign entity representing one of the world's largest and fastest-growing major economies, known for its significant domestic market and increasing global economic integration. The bond, denominated in Indian Rupees (INR), currently trades at 100% of its par value in the market and carries a distant maturity date of June 15, 2048, positioning it as a long-term debt vehicle. A distinctive feature of this bond is its reported interest rate of 0%, indicating that it operates as a zero-coupon bond; such instruments do not pay periodic interest but are typically acquired at a discount to their face value, with the return realized through the repayment of the full principal amount at maturity. Consequently, the listed 'payment frequency' of 1 refers to this singular principal repayment event at the end of its term, rather than regular coupon distributions. The minimum purchase size for this specific issuance is set at 100 units, facilitating access for investors within the domestic Indian financial market.