What does 717GS2028 mean? How to make sense of the name?
Every bond issued will have a unique name or symbol. The symbol contains all the information you’d need. For example here is a symbol - 717GS2028
Here,
717 - Implies that the annualized interest rates receivable for the bonds i.e coupon rate is 7.17%
GS - stands for the type government securities
2028 - this is the year of maturity
So, If you were to invest in this bond, you will receive 7.17% interest every year (paid semi-annually) until its maturity in 2028.
Another example,
740GS2035A
Annualized interest – 7.40%
Type – Government Securities (GS)
Maturity – 2035
Issue – ‘A’ means its a fresh issue 7 not a re-issue (don’t worry much about this, just be aware that this is NSE’s internal nomenclature for their own book-keeping )
Refer to this chapter on Varsity for more information.
Still need help?
×
![]()