Bond 360 Prime Bonds 0% ( INE248U07AU0 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U07AU0 ( in INR )
Interest rate	0%
Maturity	12/07/2023 - Bond has expired
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Minimal amount	/
Total amount	30 000 000 INR
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 recent development in the Indian debt market concerns the full repayment of a specific bond issuance by 360 ONE Prime Bonds, an entity associated with 360 ONE, a prominent wealth and asset management firm in India. This particular bond, identified by ISIN INE248U07AU0, concluded its lifecycle on its maturity date of July 12, 2023, having been fully repaid to investors. The bond, denominated in Indian Rupees (INR), was structured as a zero-coupon instrument, meaning it paid no periodic interest, with its return implicitly derived from its discount at issuance or subsequent market pricing. The total initial issue size for this security was INR 30,000,000. Upon its maturity, the bond was reported to have been valued at 100% of its face value, signaling a par redemption. This successful repayment underscores the routine operation of the Indian fixed-income market for instruments reaching the end of their term.