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Bonds are available as an investment option for a wide range of select issuers at ICICI Bank, IBU GIFT City. Customers can buy these bonds and hold them until maturity / call back, or can also sell them in case of liquidity needs. These are market instruments and typically entail market risks and credit risks. For more details, please contact your Relationship Manager. T&C apply
Overview
- Investors can invest in bonds in both primary as well as secondary markets
- In the secondary market, customers can purchase or sell bonds at the prevailing prices
- Based on the prices at which the customer purchases the bond, certain returns in terms of yield is received over the maturity of the bond
- Once the bond matures, the notional amount of the bond is returned to the customer by the issuer
- By investing in the bond, the customer takes a credit risk on the Issuer. Other risks include market risks, liquidity risks etc.
Key Features
- Bonds are units of debt issued by companies / issuers and securitised as tradeable assets
- A bond is a fixed-income instrument, since bonds traditionally pay a fixed interest rate (coupon) to debtholders
- Variable or floating interest rates are also quite common
- Bond prices are inversely correlated with interest rates: when rates go up, bond prices fall and vice-versa
- Bonds have maturity dates (or call dates for perpetual bonds) at which point the principal amount must be paid back in full or one can risk default.
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