Bond Indya 8.2% ( IN0020089010 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN0020089010 ( in INR )
Interest rate	8.2% per year ( payment 1 time a year)
Maturity	10/11/2023 - Bond has expired
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Minimal amount	10 000 INR
Total amount	4 650 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. A specific Indian sovereign bond, identified by ISIN IN0020089010, recently reached its maturity and was fully redeemed. The issuer, India, is a prominent sovereign entity representing one of the world's largest and fastest-growing major economies, utilizing bond issuances to manage its national finances and fund public development initiatives, thereby playing a critical role in both domestic and international capital markets. This particular bond, denominated in Indian Rupees (INR), offered an attractive annual interest rate of 8.2% and was part of a substantial issuance totaling 4,650,000,000 INR, with a minimum purchase threshold set at 10,000 INR. The bond successfully matured on November 10, 2023, and was redeemed at 100% of its face value, ensuring the timely repayment of principal to investors, in line with its annual payment frequency.