I just read the news about government 7.15% floating rate bonds
https://economictimes.indiatimes.com/wealth/invest/govt-launches-7-15-floating-rate-bonds-heres-all-you-need-to-know/articleshow/76660443.cms?from=mdr
Will this be available for investing through zeroda coin bonds platform ?
Any pros and cons to investing in it will also be welcome.
Bhuvan
3
Not currently, we are exploring this if we can offer it.
Will tbills,gsecs or tax free bonds be taken collateral?Are u planning anything on this front of debt for pledging?
Bhuvan
5
Yes, we’re working on this, but will take some time.
@Bhuvan is this worked out ? Is it available in kite ?
@Bhuvan floating rate bonds available to get colleterial now
Bhuvan
8
Not possible. These bonds aren’t sold in demat form.
Prayag
9
I was going through the application forms for Floating Rate Bonds from various banks (HDFC, ICICI) and in it they mention the following -
The bonds are not tradable in the secondary market and also not eligible as collateral for availing loans.
1 Like
Bhuvan
11
Nope. Not possible to offer this yet.