The Initial Public Offering (IPO) of National Savings Bonds is expected to be announced very soon, it is learnt. The National Savings Bonds would be the country's first tradable bonds at the stock exchanges. The bonds would be issued for the period of 3, -5 and -10 years and would be tradable at all the stock exchanges in the country.
The Central Depository Company (CDC) has also declared National Savings Bonds as CDS eligible securities. These bonds are being launched to attract small savers of the country. For this purpose only pension funds, mutual funds and individual investors would be eligible to participate in the trading of these bonds. Banks and other institutions would not be eligible to participate.
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