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Bonds & Fixed Income

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Bonds & Fixed Income

Sovereign Gold Bond

A government security denominated in grams of gold, paying interest and redeeming at the prevailing gold price.

Redemption Value = Grams Held x Average Gold Price over the three business days before maturity ₹ Bonds & Fixed Income

State Development Loan

A dated security issued by an Indian state government to fund its own borrowing requirement.

Test: the issuer is a state government, and the security is issued through the Reserve Bank's auction process qualitative Bonds & Fixed Income

Subordinated Debt

Debt that ranks behind other debt for repayment if the borrower is wound up.

Repayment order: secured creditors, then senior unsecured, then subordinated, then hybrid capital, then equity qualitative