Urgent_Need help on New GS

Bonds
1

I can see NEW GS 2031. I am thinking to apply. It’s stating expected yield to be 6.58%

My questions-

  1. I am not sure if it’s in the Approved list of Zerodha - Approved list of securities that can be pledged for margins

I could not find this yield.

  1. If it’s a new GS, how long does it take to come into the approved list so that I can pledge?
2

New GS 2031 can be pledged only after it is approved by the Clearing Corporation (CCL) and subsequently included in Zerodha’s approved securities list. There is no fixed timeline from CCL for the approval/inclusion of a newly issued security, so confirmation is not possible at this point.

Regarding the 6.58% yield, this is the indicative yield/expected return for the security and should not be confused with the coupon rate. The actual yield will depend on the price at which the G-Sec is purchased.

We recommend checking Zerodha’s approved securities list using the ISIN once CCL approval is received.

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