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I checked on RBI - it shows indicative yield and settlement price for example 7.41 % 2036 is Rs. 108.10
on NSE gobid same scrip shows price of 109 Rs.
on bsedirect it shows Rs. 107.73 Rs. Why it is different like that? -
Also if we bid/buy on bsedirect or nse gobid - it will be delivered to our demat and eventually we can pledge those correct? I understand with rbidirect that is not possible.
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For new issue govt stock 2030 - it shows indicative yield of 7.18 % - so its not fixed …why is it indicative ? and price @Akash_Shah @TradeB2B @cvs @viswaram
Different markets = different sellers, volumes, and prices.
Also, do check if each of those portals shows a clean-price or a dirty-price.
Yes.
One needs to initially link one’s Demat account on these portals during registration,
and will receive any purchased bonds in the demat account itself.
[ Source (NSE) ]
[ Source (BSE) ]
Yes, pledging is possible with securities held in one’s Demat account.
- Subject to the actual list of securities that can be pledged (and their respective haircut).
- Also, it apparently takes 1-2 months before a newly issued GSEC is allowed to be pledged.
The actual coupon-rate/yield of a bond being newly issued,
is determined by the initial competitive bidding for the bond.
In case you haven’t already, checkout this chapter on GSECs.
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@curiousvi Hey sorry for hijacking your thread.
@cvs Would it be foolish of me to buy the new bond listed today namely NEW GS 2026 in coin. I need to buy some bonds for pledging purpose. Thank you for the valuable input in advance.
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I am in the same boat but I guess @cvs already mentioned that it will take about 1-2 months before you can pledge
so that is one of the problem.
Yeah my friend I am so confused as to what to do for the cash equivalent. Sometimes its good to have a cash flow like that of a bond. And as it considered cash equivalent the need arises for me to only maintain some balance in cash to cover the MTM losses.
I also dont want to go with very long term bonds like more than 5 years. I am confused totally.
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Why you dont want to go for long term bonds i…e more than 5 years?
Just want to try out with short term bond. It will be my first time buying the bond for pledging purpose. No particular reason.
Hi , can anyone suggest on this
RBI reissuing the old G-Sec securities.so do we get same script name or it will change?
Ex: 7.3% GS 2053 issued freshly in jun-2023.
It’s trading with 73GS2053-GS in zeroda.
Now RBI reissue the security in july-23. So will get units under same name i.e 73GS2053-GS or different one?
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If it is re-issue, it will be allotted as same ISIN and trading symbols will remain same.
Thank you akash.
One more query.
For ex: 7.5% GS 2033 security will distribute the interest on Mar 1 and Sep 1 for every year.
If i buy this security from secondary market then am i get full 6month interest i.e from 2nd mar onwards orelse am i eligible from when i purchase the date onwards?
You need to have the bond in your account on this date. thats all.
you will get full 6 months of interest on those dates, regardless of when you buy the bond.
As such accrued interest is already priced in the traded price.