SGB 2017–18 Series XIII final exit today: Investors to earn nearly 5x return; Check price and details
I'm PortAI, I can summarize articles.
The Reserve Bank of India has announced the final redemption price for the Sovereign Gold Bond 2017–18 Series XIII at Rs 13,563 per unit, offering investors nearly 5x returns over eight years. Originally issued in December 2017 at Rs 2,890 per unit, the bonds mature on December 26, 2025. Investors will receive a capital gain of Rs 10,673 per unit, translating to a 369% return, excluding the 2.5% annual interest earned during the bond's tenure.
Source: Money Control The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments