IIBs would be Government securities (G-Sec) and the different classes of investors eligible to invest in G-Secs would also be eligible to invest in IIBs.

FIIs would be eligible to invest in the forthcoming IIBs but subject to the overall cap for their investment in G-Secs (currently USD 25 billion).

As IIBs are G-Sec, they can be tradable in the secondary market like other G-Secs. Investors will be able to trade them in NDS-OM, NDS-OM (web-based), OTC market, and stock exchanges.

Not as of now.

The work on web-based platform for primary auction is, however, underway and as and when the same is completed, investors will be able use the same for participating in the primary auction of G-Secs including IIBs.

IIBs would be a G-Sec and therefore, would be eligible for short-sale and repo transactions.

IIBs would be a G-Sec and issued as part of the approved Government market borrowing programme.

Therefore, IIBs would automatically get SLR status.

Settlement cycle of IIBs will be T+1, like fixed rate conventional bonds.

Like other G-Secs, the day count for IIBs would 30/360.

Yes, issuance of IIBs would be within the Govt market borrowing programme of about Rs. 579,000 crore for 2013-14.

To begin with, IIBs will be issued for 10 years.

As it is advisable to issue IIBs at various maturity points to have benchmarks and cater to diverse market demands, more maturity points may be explored subsequently.

Like other G-Secs, coupon on IIBs would be paid on half yearly basis.

Fixed coupon rate would be paid on the adjusted principal.