Bond 360 Prime Bonds 0% ( INE248U07DF5 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U07DF5 ( in INR )
Interest rate	0%
Maturity	28/02/2024 - Bond has expired
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Minimal amount	/
Total amount	7 937 000 000 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. An Indian-issued debt instrument, identified by ISIN INE248U07DF5, issued by 360 ONE Prime Bonds, a notable financial services entity operating from India, has successfully concluded its term. This bond, denominated in Indian Rupees (INR) and representing a total issuance size of INR 7,937,000,000, reached its maturity date on February 28, 2024. While carrying a 0% interest rate, suggesting it was structured as a zero-coupon instrument or for principal repayment at its conclusion, the bond had a payment frequency of one, reflecting the single principal repayment made upon its maturity. The market price at the time of its redemption stood at 100% of its face value, confirming that the obligation was fully repaid to bondholders. The issuer, 360 ONE Prime Bonds, has therefore fulfilled its commitments regarding this particular issuance.