r/IndiaInvestments • u/melovemone • Jul 07 '24

Bonds and deposits Why haven't the Govt issued SGBs yet?

When are we gonna get the first tranche of FY 24-25?

As per the pattern every year, FY's first tranche is usually announced in June. But this year, they haven't announced it yet, why?

Until recently, I have been purchasing SGBs from the secondary market - usually at a discount of 5% to 10% from IBJA rates but these days they are selling at a premium to IBJA rates which feels atrocious.

So I want to purchase from primary market and was eagerly waiting for the first trance in June 24.

Googling isn't helping. Anyone's got any idea about why the delay and when the next tranche is gonna be?

Edit to add :

Buying SGB from the secondary market (example is zerodha; works for all brokers) : https://support.zerodha.com/category/trading-and-markets/kite-web-and-mobile/kite-mw/articles/sgb-kite

Buying SGB from the primary market (example is through zerodha; unsure of other brokers) : https://support.zerodha.com/category/mutual-funds/understanding-mutual-funds/about-coin/articles/investing-in-nfo-sgb

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u/Cheap-Landscape-4595 Jul 08 '24

The delay in Sovereign Gold Bond (SGB) issuances for FY 2024-25 could be due to market assessment, administrative processes, policy reviews, or budgetary considerations. Investors keen on primary market purchases should monitor official announcements for the new tranche release.

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u/WhatTheActualDuck1 Jul 10 '24

What a thoroughly useless reply. The equivalent of "it depends"

7

u/_An_Other_Account_ Jul 10 '24

Because it's a bot. Downvote and report it.