Question :
Zero Coupon Zero Principal Instruments (ZCZPIs) are a type of financial instrument where the coupon (interest) and principal (face value) are both set to zero. These instruments do not pay periodic interest or return the principal at maturity. Instead, they are issued at a deep discount to their face value and the return is the difference between the issue price and the face value, payable at maturity. As per the regulations, Zero Coupon Zero Principal Instruments shall be issued in dematerialized form only. What is the minimum issue size for these instruments?
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