When the bonds were sold to the public through various banks of the empire, as well as the two stock exchanges, over 500,000 bonds were sold in the first week alone. In a matter of a few months, all the bonds sold by the government were sold out. This was mainly because the clients were informed that the bonds could be used as currency in case the client needed emergency money. After this news was made public, most investment institutions, as a way of hedging risks, bought a few thousand bonds at a time, but the bonds issued by various governor offices did not sell well.
This was mainly because there wasn't enough trust in the governor's office. Noticing the situation, all five banks of the Bharatiya Empire banded together to provide underwriting to the governor's offices, promising the clients that if the governor's office was not able to pay back the money in ten years, the banks would pay the clients themselves out of their own pockets.
