RBI to auction Sovereign Green bonds

RBI to auction Sovereign Green bonds

• The Reserve Bank of India (RBI) will auction ₹16,000 crore of sovereign green bonds (SGrBs) in two tranches, the central bank announced on Friday. The RBI will auction 5-year and 10-year green bonds worth ₹4,000 crore each on 25 January and on 9 February, and this would be a uniform price auction.
• The Reserve Bank of India, in consultation with the Government of India, has decided to notify the indicative calendar for issuance of SGrBs for the fiscal year 2022-23.
• In line with the ambition to significantly reduce the carbon intensity of the economy, the Union Budget for 2022-23 had mentioned about SGrBs.
• Green bonds are financial instruments that generate proceeds for investment in environmentally sustainable and climate-suitable projects.

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Published date : 09 Jan 2023 04:27PM