Tax Free Bonds selling in secondary market - Basunivesh

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Singh asked 2 years ago

Hi Basu. How are you doing? I have read your blogs and website. Very good financial information. I have a quick question.I have 100 PFC tax free bonds (30 yr maturity, BSE Scrip code: 727PFC30) trading at Rs1301.99 on BSE. I have a offer of Rs1054.83 from my broker and the broker says that it is very difficult to find buyers of bonds and that you should go ahead with the offer price of Rs1054.83.What should i do?. Thanks for your time. Much appreciated.

Question Tags: Tax free bonds

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basunivesh Staff answered 2 years ago

If the bond is trading in a secondary market at Rs.1301, then how your broker stating that the price of Rs.1054 is a great deal to sell? I think is more concerned about his broking than your profit.

Singh replied 2 years ago

Thanks for your advise. Much appreciated.