Bond Indya 0% ( IN001224C095 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN001224C095 ( in INR )
Interest rate	0%
Maturity	19/12/2024 - 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 characteristics of the bond with ISIN IN001224C095, an instrument issued by the Republic of India. As a sovereign entity, India represents a significant and growing emerging economy in Asia, frequently utilizing the issuance of government bonds to fund its substantial public expenditures, infrastructure development projects, and to manage its national debt, thereby offering investment opportunities within its domestic financial market. This specific bond, denominated in Indian Rupees (INR), notably featured a 0% interest rate, identifying it as a zero-coupon instrument where the return for investors is derived from the difference between the discounted issue price and the par redemption value, rather than recurring coupon payments. With a nominal value of 100 units, the bond reached its scheduled maturity date on December 19, 2024. As confirmed by the issuer, this obligation has successfully matured and been fully redeemed at its principal value of 100%, signifying the timely fulfillment of India's commitment to its debtholders and reinforcing the creditworthiness associated with its sovereign debt.