Bond Indya 0% ( IN002020Z220 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002020Z220 ( in INR )
Interest rate	0%
Maturity	02/09/2021 - Bond has expired
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Minimal amount	100 INR
Total amount	100 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. A recently matured sovereign bond, identified by ISIN IN002020Z220, was issued by the Republic of India, a significant sovereign entity in global financial markets known for its robust and rapidly expanding economy, which leverages such debt instruments to manage its fiscal requirements and fund national development initiatives. This particular debt instrument, denominated in Indian Rupees (INR), was structured as a zero-coupon bond, featuring a 0% interest rate throughout its term, meaning investors received their return through the difference between its purchase price and redemption value. The bond carried a substantial total issuance size of INR 100,000,000,000, with a minimum investment threshold set at INR 100. Its definitive maturity date was September 2, 2021, at which point it was successfully redeemed at 100% of its face value, fulfilling the issuer's obligation to bondholders; while the original data indicates a "payment frequency 1", in the context of a zero-coupon bond, this refers to the single principal repayment occurring at maturity.