Bond Indya 0% ( IN002022X262 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002022X262 ( in INR )
Interest rate	0%
Maturity	29/12/2022 - 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 specific sovereign debt instrument, identified by ISIN IN002022X262, has successfully reached its maturity date and been fully repaid. This bond, issued by India, a prominent emerging market sovereign entity and one of the world's fastest-growing major economies, was denominated in Indian Rupees (INR) and formed part of the nation's domestic borrowing program. The instrument, characterized by a zero percent interest rate, likely functioned as a zero-coupon bond or a similar financial structure, designed for a single principal repayment upon maturity rather than periodic interest distributions. With a total issue size amounting to INR 100,000,000,000 and a minimum purchase threshold set at INR 100, the bond was accessible to a broad spectrum of investors within the Indian financial landscape. Maturing precisely on December 29, 2022, the bond was redeemed at its par value of 100% on the market, affirming the full and timely fulfillment of the issuer's financial commitment. This successful redemption underscores India's consistent adherence to its debt obligations, thereby reinforcing its credibility and stability within global financial markets.