How to participate in noncompetitive bidding of gsec in zerodha for retail investor using zerodha as new regulation allow cdsl to sell gsec to retail investor

Zerodha Zerodha platforms
32

Interest is paid on the face value of the bond, in this case Rs 100 is the FV of each bond.

The price of the bond is yet unknown and will be discovered in the auction. And hence the exchanges block a little extra to account for that and you’ll get a refund if the price is lesser. Post that, you’ll know the effective YTM fo the bond you’ve purchased.

1 Like