How to buy bond from secondary market

How can I buy GOI Bonds from secondary market which are already issue for example
IN0020130079.
Not able to see it in zerodha kite as well as coin.

2 Likes

Searching the ISIN IN0020130079 online,
it appears to be a GSEC returning 9.23 %, maturing on 23 DEC 2043.

Thus, in Kite, one can find it by searching for 923GS2043…

image

Please note that though this bond is listed as trade-able in the secondary market (exchanges),
one quick look at its chart and market-depth widget
shows that it is hardly ever traded on the exchange.

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To add to the above answer, Varsity also touches upon the naming convention used by Government Securities. It can be helpful in figuring out the trading symbols used by other G-Secs -

Every bond issued will have a unique name or symbol. The symbol contains all the information you’d need. For example here is a symbol – 74GS2035, and here is what this really means –

Annualized interest – 7.40%

Type – Government Securities (GS)

Maturity – 2035

*Type will be GS on NSE and GOI/CG on BSE


Also, in case it helps, I have compiled a list of BSE & NSE Trading Symbols for all listed Government securities -

Sl. No. ISIN Nomenclature NSE Trading Symbol BSE Trading Symbol
2022-23
1 IN0020070028 8.08% GS 2022 808GS2022 808GOI2022
2 IN0020039031 5.87% GS 2022 (conv) 587GS2022 587GOI2022
3 IN0020070051 8.13% GS 2022 813GS2022 813GOI2022
4 IN0020200260 3.96% GS 2022 396GS2022
5 IN0020160050 6.84% GS 2022 684GS2022 684GOI2022
2023-24
6 IN0020030014 6.30% GS 2023 63GS2023 630GOI2023
7 IN0020180025 7.37% GS 2023 737GS2023 737GOI2023
8 IN0020210046 4.26% GS 2023 426GS2023
9 IN0020130012 7.16% GS 2023 716GS2023 716GOI2023
10 IN0020130046 1.44% IIGS 2023 IIGSGOI2023
11 IN0020030055 6.17% GS 2023 (conv) 617GS2023 617GOI2023
12 IN0020200211 4.48% GS 2023 448GS2023
13 IN0020210210 4.56% GS 2023 456GS2023
14 IN0020130061 8.83% GS 2023 883GS2023 883GOI2023
15 IN0020150010 7.68% GS 2023 768GS2023 768CG2023
16 IN0020180488 7.32% GS 2024 732GS2024 732GOI2024
2024-25
17 IN0020090034 7.35% GS 2024 735GS2024 735GOI2024
18 IN0020220052 6.69% GS 2024 669GS2024
19 IN0020140045 8.40% GS 2024 84GS2024 840GOI2024
20 IN0020190396 6.18% GS 2024 618GS2024 618GOI2024
21 IN0020160084 FRB 2024
22 IN0020110048 9.15% GS 2024 915GS2024 915GOI2024
2025-26
23 IN0020150036 7.72% GS 2025 772GS2025 772CG2025
24 IN0020200112 5.22% GS 2025 522GS2025
25 IN0020120047 8.20% GS 2025 82GS2025 820GOI2025
26 IN0020030071 5.97% GS 2025 (Conv) 597GS2025 597GOI2025
27 IN0020200278 5.15% GS 2025 515GS2025
28 IN0020150093 7.59% GS 2026 759GS2026 759CG2026
2026-27
29 IN0020190016 7.27% GS 2026 727GS2026 727GOI2026
30 IN0020210012 5.63% GS 2026 563GS2026 563GOI2026
31 IN0020120039 8.33% GS 2026 833GS2026 833GOI2026
32 IN0020160035 6.97% GS 2026 697GS2026 697GOI2026
33 IN0020010081 10.18% GS 2026 1018GS2026 1018GOI2026
34 IN0020210186 5.74% GS 2026 574GS2026
35 IN0020140060 8.15% GS 2026 815GS2026 815GOI2026
36 IN0020060078 8.24% GS 2027 824GS2027 824GOI2027
2027-28
37 IN0020170026 6.79% GS 2027 679GS2027 679GOI2027
38 IN0020220037 7.38% GS 2027 738GS2027 738GOI2027
39 IN0020070036 8.26% GS 2027 826GS2027 826GOI2027
40 IN0020070069 8.28% GS 2027 828GS2027 828GOI2027
41 IN0020020247 6.01% GS 2028 (C Align) 601GS2028 601GOI2028
42 IN0020170174 7.17% GS 2028 717GS2028 717GOI2028
2028-29
43 IN0020140011 8.60% GS 2028 86GS2028 860GOI2028
44 IN0020030022 6.13% GS 2028 613GS2028 613GOI2028
45 IN0020210160 FRB 2028
46 IN0020150069 7.59% GS 2029 759GS2029 759CG2029
47 IN0020180454 7.26% GS 2029 726GS2029 726GOI2029
2029-30
48 IN0020220011 7.10% GS 2029 710GS2029
49 IN0020190362 6.45% GS 2029 645GS2029 645GOI2029
50 IN0020160118 6.79% GS 2029 679GS2029 679GOI2029
51 IN0020150028 7.88% GS 2030 788GS2030 788CG2030
2030-31
52 IN0020160019 7.61% GS 2030 761GS2030 761CG2030
53 IN0020200070 5.79% GS 2030 579GS2030 579GOI2030
54 IN0020200153 5.77% GS 2030 577GS2030
55 IN0020130053 9.20% GS 2030 92GS2030 920GOI2030
56 IN0020200294 5.85% GS 2030 585GS2030
57 IN0020110055 8.97% GS 2030 897GS2030 897GOI2030
2031-32
58 IN0020210095 6.10% GS 2031 610GS2031
59 IN0020170042 6.68% GS 2031 668GS2031 668GOI2031
60 IN0020180041 FRB 2031
61 IN0020210244 6.54% GS 2032 654GS2032 654GOI2032
62 IN0020060086 8.28% GS 2032 828GS2032 828GOI2032
2032-33
63 IN0020070044 8.32% GS 2032 832GS2032 832GOI2032
64 IN0020020106 7.95% GS 2032 795GS2032 795GOI2032
65 IN0020070077 8.33% GS 2032 833GS2032 833GOI2032
2033-34
66 IN0020190065 7.57% GS 2033 757GS2033 757GOI2033
67 IN0020200120 FRB 2033
68 IN0020140052 8.24% GS 2033 824GS2033 824GOI2033
69 IN0020160100 6.57% GS 2033 657GS2033 657GOI2033
2034-35
70 IN0020040039 7.50% GS 2034 75GS2034 750GOI2034
71 IN0020200096 6.19% GS 2034 619GS2034 619GOI2034
72 IN0020210137 FRB 2034
73 IN0020150051 7.73% GS 2034 773GS2034 77CG2034
74 IN0020042050 FRB, 2035 FRBGOI2035
75 IN0020200245 6.22% GS 2035 622GS2035
2035-36
76 IN0020210020 6.64% GS 2035 664GS2035 664GOI35
77 IN0020050012 7.40% GS 2035 74GS2035 740GOI2035
78 IN0020210152 6.67% GS 2035 667GS2035 667GOI2035
2036-37
79 IN0020220029 7.54% GS 2036 754GS2036 754GOI2036
80 IN0020060045 8.33% GS 2036 833GS2036 833GOI2036
2038-39
81 IN0020080050 6.83% GS 2039 683GS2039 638GOI2039
2039-40
82 IN0020190024 7.62% GS 2039 762GS2039 762GOI2039
2040-41
83 IN0020100031 8.30% GS 2040 83GS2040 830GOI2040
2041-42
84 IN0020110063 8.83% GS 2041 883GS2041 883GOI2041
2042-43
85 IN0020120062 8.30% GS 2042 83GS2042 830GOI2042
2043-44
86 IN0020190040 7.69% GS 2043 769GS2043 769GOI2043
87 IN0020130079 9.23% GS 2043 923GS2043 923GOI2043
2044-45
88 IN0020140078 8.17% GS 2044 817GS2044 817GOI2044
2045-46
89 IN0020150044 8.13% GS 2045 813GS2045 813CG2045A
2046-47
90 IN0020160068 7.06% GS 2046 706GS2046 706GOI2046
2049-50
91 IN0020190032 7.72% GS 2049 772GS2049 772GOI2049
2050-51
92 IN0020200054 7.16% GS 2050 716GS2050 716GOI2050
93 IN0020200252 6.67% GS 2050 667GS2050 667GOI2050
2051-52
94 IN0020160092 6.62% GS 2051 662GS2051 662GOI2051
95 IN0020210194 6.99% GS 2051 699GS2051 699GOI2051
2055-56
96 IN0020150077 7.72% GS 2055 772GS2055 772CG2055
2059-60
97 IN0020190057 7.63% GS 2059 763GS2059 763GOI2059
2060-61
98 IN0020200039 7.19% GS 2060 719GS2060 719GOI2060
99 IN0020200187 6.80% GS 2060 68GS2060 68GOI2060
100 IN0020200401 6.76% GS 2061 676GS2061 676GOI2061
2061-62
101 IN0020210202 6.95% GS 2061 695GS2061 695GOI2061

*List of ISIN taken from RBI website. For interest payment dates for these bonds, please refer to this thread.

8 Likes

Even though all above are Gov Securities, why there is so much difference in coupon rate with same maturity?

3 Likes

The maturity date can be same but their auction date( bidding/starting date ) differs and coupon rate will depend on interest rates prevailing around the auction time.

2 Likes

oh yes, thanks Chirag.
Have a good day.

1 Like

@cvs anyway to find out the liquidity?

1 Like

In general, one can look at historical price charts in BSE/NSE of any bond using its symbol.
(just like one can look-up any stock).
Many charts will be empty/sparse as many bonds are never/rarely traded.

Are you looking for anything more specific? :thinking:

1 Like

Yeah… need to look one by one. i was looking if you know any of these which are liquid enough to buy.

I looking to buy this bond - INE0M2307081
Zerodha it’s showing but no liquidity and angel one unable to find bond details.
Due to low liquidity I tried to purchase from sellers like golden pi, bonds India…

2 Likes

@cvs One query , I bought [4.56% GS 2023] on 7th Jun 2022, will it be getting only 4.56% of interest?

Yes.

For each unit of the GSEC 456GS2023,

  • Rs. 4.56 dividend/interest earned annually
  • paid-out in 2 semi-annual installments of Rs.2.28 each.
    • on 29 May and 29 November each year
  • until maturity on 29 November 2023.

[ Source ]

How much did you pay for it?

so its loss for me??, since interest rate have increased to 7%?

Loss? no.
Less profit relative to similar other bonds? yes.

3 Likes

How come people buy for 2040/50 bonds…what if intrest rate rise to 13% in coming 5 years. People who bought bond on 7% will be getting less

2 Likes

That’s called duration risk.

1 Like

I am assuming that “New GS 2025” will become part of cash component and will be available for pledging. I know its Clearing Corporation call. but what;s your take?

@ShubhS9 @cvs

All G-Secs are considered as cash equivalent only. Once this is approved for pledging, it will be too.

Hi,
I am looking at purchasing 7.26% GS 2032 (IN0020220060) dated 22.08.2022. It is available for purchase

  1. Via coin at Rs. 107.39 (Reissue)
  2. Via Kite at ~Rs. 102- 103(Low liquidity)
  3. Via IDBI samriddhi portal at Rs. 99- Rs. 100.

Why is there such a significant discount compared to primary because of supply-demand?
Also if I purchase via samriddhi portal can I pledge and get a margin for trading in Zerodha?

Thanks in Advance