Bond Indya 0% ( IN002022Z358 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002022Z358 ( in INR )
Interest rate	0%
Maturity	30/11/2023 - Bond has expired
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Minimal amount	100 INR
Total amount	70 837 600 000 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 bond issued by the Republic of India, identifiable by ISIN IN002022Z358, recently concluded its lifecycle, having matured and been fully redeemed on November 30, 2023. As a prominent sovereign entity in global and domestic financial markets, India regularly issues debt instruments to fund its fiscal needs and developmental projects, with a significant portion of these issuances denominated in its national currency, the Indian Rupee (INR). This particular government bond, which had a total issuance size of INR 70,837,600,000, was characterized by its 0% interest rate, classifying it as a zero-coupon instrument, where investor returns are derived from the discount at which it was initially purchased relative to its par value at redemption. The bond was successfully redeemed at 100% of its face value, confirming the full repayment to bondholders upon maturity, with the minimum purchase size for this security having been set at INR 100. While the payment frequency was listed as '1', this aligns with the typical structure of zero-coupon bonds, where the single 'payment' occurs at maturity as the principal is returned to the investor.