Bond Indya 0% ( IN002021X306 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002021X306 ( in INR )
Interest rate	0%
Maturity	06/01/2022 - Bond has expired
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Minimal amount	100 INR
Total amount	110 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. A fixed-income instrument issued by the sovereign state of India, identified by ISIN code IN002021X306, recently completed its lifecycle, having matured and been redeemed. As a prominent global economy and a significant participant in international financial markets, the Government of India serves as a crucial sovereign issuer, regularly leveraging the debt market to fund its national objectives. This particular bond, denominated in Indian Rupees (INR), represented a substantial commitment with a total issue size of INR 110,000,000,000. Characterized by a 0% interest rate, suggesting it was structured as a zero-coupon bond, its payment frequency was listed as one, indicating the singular principal repayment at its conclusion. With a minimum purchase size of 100 units, it was accessible to a range of investors. The bond successfully matured on January 6, 2022, and its reported current market price of 100% confirms that it was fully redeemed at par, thereby fulfilling the issuer's obligation to its bondholders.