Bond Indya 0% ( IN002020Y066 ) in INR

Issuer	Indya
Market price	100 % ⇌
Country	India
ISIN code	IN002020Y066 ( in INR )
Interest rate	0%
Maturity	12/11/2020 - Bond has expired
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Minimal amount	100 INR
Total amount	320 000 000 000 INR
Detailed description	India is a vast and diverse South Asian nation with a rich history, diverse cultures, and a rapidly developing economy. This financial article details a specific sovereign bond, identified by ISIN IN002020Y066, issued by the Republic of India. As the world's fifth-largest economy and a prominent emerging market, India frequently utilizes both domestic and international debt markets to finance its developmental projects and manage its fiscal needs, underscoring its role as a significant sovereign issuer. This particular security was denominated in Indian Rupees (INR) and was issued within India, primarily targeting the domestic investor base. Notably, with a 0% interest rate and a payment frequency of 1, this security was structured as a zero-coupon bond, implying investors purchased it at a discount to its face value and received the full principal amount upon maturity as their return. The total issuance size for this bond was substantial, amounting to 320,000,000,000 INR, reflecting a significant fundraising initiative by the sovereign. With a minimum purchase size set at 100 units, the bond was accessible to a range of investors. The maturity date for this security was November 12, 2020. At its maturity, the bond was valued at 100% of its face value on the market, signifying its successful and timely repayment. It has been confirmed that this bond has fully reached its maturity and all outstanding obligations have been duly fulfilled and repaid to its holders.