Bond Indya 0% ( IN002021X033 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002021X033 ( in INR )
Interest rate	0%
Maturity	22/07/2021 - Bond has expired
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Minimal amount	100 INR
Total amount	150 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. An analysis of the recently matured sovereign bond, ISIN IN002021X033, issued by the Republic of India, confirms a successful redemption at its full face value. The issuer, India, is a prominent sovereign entity and a major emerging economy, actively engaging in global debt markets to finance its public expenditures and development initiatives. This particular debt instrument, characterized as a zero-coupon bond, was denominated in Indian Rupees (INR) and carried an interest rate of 0%, signifying that its yield was primarily derived from the difference between its discounted purchase price and its par repayment. The bond had a substantial total issue size of INR 150,000,000,000, with a minimum purchase increment set at INR 100. It reached its scheduled maturity date on July 22, 2021, at which point it was fully repaid at 100% of its principal value, thereby demonstrating the issuer's consistent commitment to fulfilling its financial obligations to bondholders within the global capital markets.