Bond 360 Prime Bonds 0% ( INE248U07AX4 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U07AX4 ( in INR )
Interest rate	0%
Maturity	11/12/2028
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Minimal amount	/
Total amount	676 200 000 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. An examination of the Indian fixed-income market highlights a notable bond issuance, identified by ISIN code INE248U07AX4, originating from 360 ONE Prime Bonds, an entity linked to 360 ONE (formerly IIFL Wealth Management Ltd.), a prominent wealth and asset management firm headquartered in India that specializes in comprehensive financial services for high-net-worth and ultra-high-net-worth individuals, which instrument, denominated in Indian Rupees (INR) with a total issuance size of INR 676,200,000 and currently quoted at 100% of its par value, is characterized by a 0% interest rate, strongly suggesting its nature as a zero-coupon bond where investor returns are realized through the difference between the purchase price and the full principal repayment on its maturity date of December 11, 2028, with the specified payment frequency of 1 implying this single principal settlement.