Reuters logo
BRIEF-India cenbank to issue sovereign gold bonds 2016-17 – Series IV
February 23, 2017 / 8:12 AM / 7 months ago

BRIEF-India cenbank to issue sovereign gold bonds 2016-17 – Series IV

Feb 23 (Reuters) - Reserve Bank of India:

* Sovereign gold bond scheme 2016 -17 – series iv

* Bonds will be issued on March 17, 2017

* Investors will be compensated at a fixed rate of 2.50 per cent per annum payable semi-annually on the nominal value

* Tenor of the bond will be for a period of 8 years with exit option from 5th year to be exercised on the interest payment dates

* Maximum amount subscribed by an entity will not be more than 500 grams per person per fiscal year

* The issue price of the gold bonds will be INR 50 per gram less than the nominal value. Source text: bit.ly/2lNPe2U

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below