Bond Indya 0% ( IN002020Y173 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002020Y173 ( in INR )
Interest rate	0%
Maturity	28/01/2021 - Bond has expired
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Minimal amount	100 INR
Total amount	260 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. The Republic of India, recognized as a significant global economy and a prominent sovereign issuer in international capital markets, issued the fixed-income instrument identified by ISIN IN002020Y173. This obligation, denominated in Indian Rupees (INR) and issued domestically within India, constituted a substantial total issuance size of INR 260,000,000,000, with a minimum purchase threshold of 100 units. Notably, the bond featured a 0% stated interest rate and was reported trading at 100% of its par value on the market, indicating a specific financial structure, potentially a zero-coupon bond or a cash-equivalent instrument that matured at par. Having reached its maturity date on January 28, 2021, this sovereign bond has successfully been redeemed, marking the full completion of its lifecycle within the Indian debt market.