This pattern reminds me of predatory lending practices of NBFCs,
which i studied in some detail earlier this year.
NBFCs have been running these “too good to be true” so-called “zero-EMI” loan schemes,
that prey on the borrower’s naivety to miss out on these details.
I wouldn’t be surprised if the some NBFC was trying to raise money to fund their “zero-EMI” loan schemes by floating the above bond on Wint.