When is goi bond interest paid

#1

Hi team,

Have bought some GOI bonds in secondary Market.
When is the interest paid , is it paid in fixed month 2 times yearly/ or 6 months from date of purchase .

#3

Hi @pavz The payment of interest for GOI bonds is as per their date of issuance and it is paid semi-annually. The coupon payment (interest payment) does not depend on when you purchase the bond from the secondary market (Exchange or Offline Transfer)

For example: 7.40% GS 2062 (IN0020220094) was issued on 19-Sep-2022 and would mature on 19-Sep-2062. This bond will pay interest on 19th Sept and 19th March every year until maturity.

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