I was trying to look at GSecs on Coin. From the varsity documentation I understood that TBills are issued at discount and redeemed at par.
When we try to keep a purchase order on Coin, the amount shown for 100 Units is 10000, i.e. 100 per unit. I was trying to understand how is this at discount?
Assuming an indicative yield of 3.31% for 91 days, what should I expect as a return amount for say a unit on maturity? Also would ordering on Coin ensure my order goes through (provided I have funds in account) or do we have to pay via any other mechanism (Got confused with biddings).
Similarly for a new dated bond, the price of 100 units is 10500, while the facevalue on RBI site seems to suggest 10000. So why is there an extra charge of 500 which is equivalent of 5%?
I wasn’t sure what I am missing out or if something misunderstood. Thanks!