Bond 360 Prime Bonds 0% ( INE248U07CQ4 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U07CQ4 ( in INR )
Interest rate	0%
Maturity	22/03/2029
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Minimal amount	/
Total amount	1 052 700 000 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 Overview of the 360 ONE Prime Bonds Zero-Coupon Debt Offering This report provides a detailed examination of a specific debt instrument, identified by its ISIN code INE248U07CQ4, issued by 360 ONE Prime Bonds. The bond exemplifies a unique structure within the fixed-income market, particularly notable for its zero-coupon feature. Issuer Profile: 360 ONE Prime Bonds The issuer, 360 ONE Prime Bonds, represents a critical entity within the financial ecosystem of India. It operates under the broader umbrella of 360 ONE, a prominent wealth and asset management company in India, formerly known as IIFL Wealth Management. As a specialized financing vehicle or a subsidiary of a leading financial conglomerate, 360 ONE Prime Bonds leverages the robust reputation and financial standing of its parent group to access capital markets. The entity plays a pivotal role in the group's overall funding strategy, issuing debt instruments to finance its operations, expand its lending portfolio, or manage its liquidity requirements, thereby contributing to the financial services landscape in India. Key Bond Specifications The debt instrument, categorized as a bond, carries the unique International Securities Identification Number (ISIN) INE248U07CQ4, ensuring its global recognition and traceability in financial transactions. Originating from India, the bond is denominated in the Indian Rupee (INR), indicating its primary target market and currency exposure for investors. Its current market price stands at 100% of its face value, signifying that it is presently trading at par. Financial Structure and Terms A defining characteristic of this bond is its stated interest rate of 0%. This designates it as a zero-coupon bond, meaning investors do not receive periodic interest payments (coupons) throughout the life of the bond. Instead, investors in zero-coupon instruments typically realize their return from the difference between the discounted price at which they acquire the bond and the full face value received at its maturity. Given its current trading price at 100%, this implies a specific issuance structure or market condition where the bond is valued at par. The total size of this particular issue amounts to INR 1,052,700,000, representing the aggregate principal amount of the offering. Maturity and Payment Schedule The bond is set to mature on March 22, 2029, at which point the principal amount will be repaid to the bondholders. In line with its zero-coupon nature, the "payment frequency" of "1" indicates that the single, lump-sum payment representing the principal repayment will occur only once, at the bond's maturity date. This structure appeals to investors seeking a predetermined future cash flow and can be particularly attractive for long-term planning or portfolio diversification strategies within the Indian market.