Bond Indya 0% ( IN002020Y504 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002020Y504 ( in INR )
Interest rate	0%
Maturity	16/09/2021 - Bond has expired
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Minimal amount	100 INR
Total amount	70 000 000 000 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, a significant sovereign issuer within global emerging market debt, recently managed the maturity and full redemption of one of its domestic debt instruments, identified by the ISIN IN002020Y504. As a prominent player in the global economy with a large and growing domestic market, India's bond issuances are closely monitored by investors seeking exposure to the country's economic trajectory. This particular bond, denominated in Indian Rupees (INR), was structured as a zero-coupon instrument, meaning it did not pay periodic interest but was likely issued at a discount to its par value, with investors' returns realized upon its redemption. With a substantial total issue size of 70,000,000,000 INR (70 billion INR), and a minimum purchase size set at 100 INR, the bond catered to a broad range of investors. The maturity date for this instrument was September 16, 2021, at which point it was fully repaid to bondholders at its par value, as indicated by its current market price of 100%, confirming that the obligation has been fulfilled and the bond is no longer outstanding.