Bond Indya 0% ( IN002020Y033 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002020Y033 ( in INR )
Interest rate	0%
Maturity	22/10/2020 - Bond has expired
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	10 000 INR
Total amount	320 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. The sovereign bond, ISIN IN002020Y033, issued by India, a major emerging economy and frequent participant in global and domestic debt markets, matured and was fully repaid on October 22, 2020. Issued in Indian Rupees (INR) from India, this specific debt instrument was part of a substantial issuance program, with a total volume reaching INR 320,000,000,000. The bond carried a reported interest rate of 0%, suggesting it was either a discount bond, a short-term treasury bill, or a unique government security, which was ultimately redeemed at its par value, reflecting the 'current market price' of 100% at maturity. The minimum purchase size for this particular security was INR 10,000. Although a payment frequency of '1' was noted, this would refer to the single principal repayment at maturity given the absence of coupon payments. The successful maturity and repayment of this obligation underscore the government of India's consistent fulfillment of its financial commitments.