Bond Indya 0% ( IN002021Z343 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002021Z343 ( in INR )
Interest rate	0%
Maturity	17/11/2022 - 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. A recently matured sovereign bond, identifiable by its ISIN IN002021Z343, has successfully concluded its lifecycle with full repayment. This specific debt instrument was issued by the Republic of India, a prominent sovereign entity in the global financial landscape that routinely accesses capital markets to fund its extensive public expenditure, infrastructure projects, and socio-economic development programs. India's role as an issuer reflects its commitment to maintaining fiscal stability and attracting investments necessary for national growth. The bond, denominated in Indian Rupees (INR), represented a substantial issuance with a total size of INR 70,000,000,000. Distinctively, it featured a 0% coupon rate, characterizing it as a zero-coupon bond, where the investor's return was realized through the difference between its discounted purchase price and its face value upon redemption. The minimum investment threshold for this instrument was set at INR 100, facilitating broader participation. Its scheduled maturity date was November 17, 2022, and as confirmed, the bond was fully reimbursed at 100% of its principal value on this date, affirming the issuer's adherence to its repayment obligations.