Bond 360 Prime Bonds 0% ( INE248U07EA4 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U07EA4 ( in INR )
Interest rate	0%
Maturity	21/04/2033
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Minimal amount	/
Total amount	1 000 000 000 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 analysis of the debt instrument market highlights a bond issuance from 360 ONE Prime Bonds, uniquely identified by the ISIN code INE248U07EA4. This issuer, a specialized financial vehicle presumably affiliated with the broader 360 ONE financial services group, a prominent Indian wealth and asset management firm, has structured this bond for the Indian market, denominated in Indian Rupees (INR), with its current market price standing at 100% of its face value. A key characteristic of this obligation is its zero-coupon nature, indicated by a 0% interest rate, implying that investor returns are generated from the discount at which the bond is purchased relative to its par value at redemption. The total size of this particular issuance amounts to INR 1,000,000,000, and it carries a long-term maturity profile, set to expire on April 21, 2033, with the specified payment frequency of '1' confirming that the sole financial transaction for the investor, consistent with a zero-coupon structure, is the principal repayment occurring at maturity.