If you wish to invest Rs.10 lacs in each bond then that would be approximately 690 quantity for N1 bonds and 820 quantity for N2 bonds. You could definitely pick up this quantity over a certain period of time.
Any lock in period or freely tradable like shares?
Share are held with the expectation of gain in share value so that we can sell at higher price.
Bonds are held with expectation of yield and interest, isn’t it?
What are the market dynamics here?
How does the yield increase or decrease? Is it fixed? What’s the scenario I’m looking at?
They’re freely tradable, like shares. No lock-in period.
The coupon rates remain the same for N1 and N2 bonds for its term period.
If you notice from the Daily candle charts of IRFC N1, the price range for these bonds so far have been between 1050 and 1200. This is decided by the demand and supply between buyers and sellers, almost like investing into a stock or even Gold for that matter. Like Gold, you receive a fixed interest rate on the bond and you also make a profit on the appreciation of the price of the bond.