Bond 360 Prime Bonds 0% ( IN8248U07052 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	IN8248U07052 ( in INR )
Interest rate	0%
Maturity	11/07/2022 - Bond has expired
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Detailed description	360 ONE Prime Bonds are a type of investment offering high-yield returns linked to a basket of prime-rated corporate bonds, aiming to provide investors with diversification and potential capital appreciation while managing credit risk through stringent selection criteria. A review of the debt market reveals details concerning the bond with ISIN IN8248U07052, issued by 360 ONE Prime Bonds, a subsidiary closely associated with 360 ONE (formerly IIFL Wealth Management), a prominent Indian financial services firm renowned for its comprehensive wealth and asset management solutions. This particular debt instrument, denominated in Indian Rupees (INR) and issued under the jurisdiction of India, was characterized by a 0% interest rate, indicating its nature as a zero-coupon bond where investor returns are typically realized through the difference between a discounted issue price and its par value at redemption. With its maturity date set for July 11, 2022, the bond successfully concluded its term, having been reported at a market price of 100% at the time of its expiry, and subsequently, it was fully repaid to its bondholders, confirming the timely fulfillment of the issuer's obligations.