Govt to issue sovereign gold bonds starting April 20
Government will issue Sovereign Gold Bonds (SGBs) in six tranches beginning April 20, the Reserve Bank of India said on Monday. Sovereign Gold Bond 2020-21 will be issued by Reserve Bank India on behalf of the Government of India
Bonds will be denominated in multiples of gram(s) of gold with a basic unit of 1 gram and the tenor of the SGB will be 8 yrs with exit option after 5 yrs to be exercised on the interest payment dates. Source: Reuters