Bond 360 Prime Bonds 0% ( INE248U14GU3 ) in INR

Issuer	360 Prime Bonds
Market price	100 % ⇌
Country	India
ISIN code	INE248U14GU3 ( in INR )
Interest rate	0%
Maturity	29/07/2019 - Bond has expired
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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 examination of the fixed-income instrument bearing ISIN INE248U14GU3 provides insight into a specific debt obligation that has concluded its lifecycle. This bond was issued by 360 ONE Prime Bonds, an entity based in India, typically operating as a specialized financing vehicle or a division within the broader 360 ONE financial services group, responsible for originating and managing debt instruments. Denominated in Indian Rupees (INR), the bond had a substantial total issuance size of 1,000,000,000. A key characteristic was its 0% interest rate, designating it as a zero-coupon bond, where investor returns are derived from the discount at which the bond is purchased relative to its par redemption value, rather than through periodic interest payments; its reported market price of 100% at maturity reflected its full principal repayment. The bond reached its maturity date on July 29, 2019, at which point it was successfully redeemed, confirming the full repayment of principal to bondholders, and while a payment frequency of 1 was indicated, consistent with an annual basis, this specific metric did not translate into periodic cash distributions given the instrument's zero-coupon nature.