SGB 2018-19 Series III matures, investors can earn up to 348%
In short
SGB 2018-19 Series III is completing its eight-year term on Friday, 13 November. Investors can get as much as 348% in capital gains, not counting interest.
The RBI-fixed redemption price decides the final payout for holders in this tranche.
What the reporting says
SGB 2018-19 Series III completes its eight-year tenure on Friday, 13 November, and investors can earn up to 348% in capital gains, excluding interest income. The redemption uses the RBI-fixed price, which determines the payout at maturity. The bond’s final redemption marks the end of the scheme for holders in this tranche.
Why it matters
SGB 2018-19 Series III reaches final redemption on Friday, 13 November, ending its eight-year tenure. The RBI-fixed redemption price translates into gains of up to 348% in capital gains, excluding interest income. The event matters to bond investors because it sets the final payout for this sovereign gold bond tranche.