Bond Indya 0% ( IN001033C025 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN001033C025 ( in INR )
Interest rate	0%
Maturity	10/10/2033
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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 sovereign bond issued by India, a significant participant in global financial markets. The Republic of India, serving as the bond's issuer and country of issuance, commands attention as one of the world's largest and most rapidly growing economies. Its robust economic framework, underpinned by a vast domestic market, burgeoning services sector, and significant foreign reserves, positions it as a key sovereign borrower on the international stage, with its debt instruments generally reflecting the nation's full faith and credit. The specific debt instrument under review is identified by ISIN IN001033C025. This bond, denominated in Indian Rupees (INR), is slated for maturity on October 10, 2033. It features a minimum purchase size of 100 units. A distinctive characteristic of this bond is its reported 0% interest rate, categorizing it as a zero-coupon instrument. While zero-coupon bonds are typically sold at a discount to their face value to provide a yield to maturity, this bond is currently priced at 100% of its face value in the market. This combination of a 0% interest rate and a 100% current market price implies that, if purchased at its current market price and held to maturity, the bond would yield no return in terms of coupons or capital appreciation. The 'payment frequency of 1' for a zero-coupon bond typically refers to the singular principal repayment event that occurs at the bond's maturity.