There seems to be anomaly in the data of GSEC issuance calendar of this platform and the RBI.
According to this platform’s data, GSEC bonds(of different years) are issued every month, while the RBI data shows otherwise. For example, According to the trading Q&A calendar ,3 year bonds expiring in 2026 are issued in months April, May, June, July, August, September, October and November of 2023 while the RBI data shows that these bonds are issued only in April and October.
RBI data snap →
Not sure what is the issue. Would highly appreciate if someone could please help me out!
Thanks!
The issue calendar changes sometimes due to various reasons, holidays etc. I’m curious, is this affecting your investment decisions in any way?
Thanks for the reply. Yes, it is actually important.
I would like to invest relatively higher amount(according to me ) in GSEC and use it as collateral for fno trading. The issue is that I am only seeing very few of these bonds listed in the approved list of acceptable collateral. So if these many(according to issue calendar) bonds are really issued, why are they not on the approved list of acceptable collateral as well as RBI. So, I suspect that this calendar is not precise. And if so, I would not be able to plan and buy bonds in future at a given time.
I am asking and researching about this because broker(Zerodha in my case) team is telling me that I can’t know for sure which of the bonds I would be able to use as collateral. So if I buy currently issued 7.33% GS 2026, they can’t guaranty that they will be accepted as collateral.That is the roadblock.
Would be grateful if could please shad some light on the issue.
Thanks!