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Bond Baba: The Buyback on Bonds and How To Tender Them

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Earlier this year, we spoke of bonds with put options. In there we spoke of an L&T Bond (N2) that has a buyback option at Rs. 1687 on December 4, 2017, which was then trading at Rs. 1546, for a return of about 9% in 10 months. (Translates to an annualized return of nearly 11%) Now the only way you can get this . . .

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