- Dated securities are basically long-term securities.
- They are issued by the Central Government.
- They generally have a tenor of 5 to 40 years.
- They can be fixed-rate, floating-rate, or inflation-indexed bonds.
- Special securities (like oil bonds) and bank recapitalization bonds are also dated securities.
- The text uses “bonds” as a general term for debt securities, and “dated securities” specifically for long-term government bonds.
- So, dated securities are a type of bond issued by the government with a specific maturity date.
Diagram: Government Securities (G-Sec)
- Treasury Bills (GoI)
- Cash Management Bills (GoI)
- Dated Securities (GoI)
- State Dev. Loans (State Govt.)