I have purchased SDL 745AP2030, which I want to sell, but the LTP , and there is zero liquidity, how can I sell it out, is there any other option, I am extremally in need of it.
This is the 3rd such post in recent times.
I wonder what’s happening…
Why is everyone buying SDLs without considering there is hardly any liquidity on secondary markets!
Anyway, checkout this topic-thread where this scenario was recently discussed.
To get rid of illiquid bonds in a hurry on the secondary markets (NSE/BSE)
the strategy is to basically offer all the bonds one is holding
and sell-off whatever quantity (even part of one’s entire holdings) one can
at progressively lower rates (even lower circuit limits),
as circuit-limits reduce each day after a trade occurs at a lower price.
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Are these securities part of cash component for pledging ?
Nope. AFAIK, none of the SDLs are.
…and yet people buy them planning to pledge them for margin.
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