6.80% GS 2060 Half Yearly Interest Payout dates and Indicative Yield

[Divakar_Kasamsetty]

HelloTeam,
Couple of queries

1. Where to check the Half Yearly payout dates for 6.8% GS2060
2. Cut off amount per unit is showing as 106 for face value 100, Is this dirty price ?
3. Indicate yield is mentioned as 6.67%
4. If the price is 106, then yield will be 6.41%, Please clarify my understanding.
   Thanks,
   Divakar

[ShubhS9]

@Bhuvan can you.

[Prayag]

@Divakar_Kasamsetty

• Where to check the Half Yearly payout dates for 6.8% GS2060

This support page will be helpful. For that specific G-Sec (6.80% GS 2060), the payout dates can be found in this Press release

[Divakar_Kasamsetty]

Thank you Prayag for answering #1.

Can someone clarify remaining queries…pls

[Prayag]

@Divakar_Kasamsetty

2. Cut off amount per unit is showing as 106 for face value 100, Is this dirty price ?
3. Indicate yield is mentioned as 6.67%
4. If the price is 106, then yield will be 6.41%, Please clarify my understanding.

Bhuvan explained about this in a different thread -

@Bhuvan

When you submit a bid, since the auction price is unknown, the exchanges block an extra amount. Based on the actual yield discovered in the auction, your money will be refunded.

@Bhuvan

The price of the bond is yet unknown and will be discovered in the auction. And hence the exchanges block a little extra to account for that and you’ll get a refund if the price is lesser. Post that, you’ll know the effective YTM fo the bond you’ve purchased.