What does following news means? I am not sure how much od the details are clear at this point…
My assumption was atleast GS Bonds wont do this, so what really will happen to intrest planned with this bonds, will RBI buy them back at greater then their face value?
Also has something like this done before? My assumption is principal would be returned in full…
Also what is the list of Bonds which will be there & finally what does auction mean?
Sorry a lot of questions, not panicking but trying to understand bond investments better…