InvestorQ : What are the details of the second sovereign gold bond issue that opens on Monday 24 May?
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What are the details of the second sovereign gold bond issue that opens on Monday 24 May?

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Juvina Maggie answered.
4 weeks ago
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The second issue of the Sovereign Gold Bonds or SGBs for Fiscal first half FY22, opens on 24 May and will remain open for subscription till 28 May. The pricing of the current issue has been set at Rs.4,842 per gram. There will be an additional discount of Rs.50/gram for digital applications. The government will issue 6 tranches in the first half of FY22 and the first 3 issues will be made in May with the next SGB issue only slated for the middle of July 2021.

The Sovereign Gold Bonds can be purchased from scheduled banks, SHCIL, designated post offices and the two stock exchanges. Small finance banks and payment banks are not allowed to distribute gold bonds. The bond will have a tenure of 8 years with liquidity window available from fifth year onwards. The capital gains on the bond will be tax-free only if redeemed after 8 years. The bonds will carry 2.5% interest annually.


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