Sovereign Gold Bonds: What the Pricing Shows
Second tranche priced to attract investors
The Reserve Bank of India (RBI) had fixed the public issue price of sovereign gold bonds (SGB) at Rs2,684 per gram (gm) for the first tranche of subscription (from 5 November to 20 November 2015). It got subscriptions for only 915.95kg of gold amounting to Rs246 crore. One of the reasons for the lukewarm investor response was the pricing—being almost...
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