RBI to issue green bonds in two tranches of Rs 8,000 cr each

Date:

Mumbai: The RBI on Friday said maiden Sovereign Green Bonds (SGrBs) would be issued in two tranches for an aggregate amount of Rs 16,000 crore, and proceeds will be utilised for funding public sector projects seeking to reduce carbon emissions. The first auction would be done on January 25 while the second on February 9, the Reserve Bank of India (RBI) said in a statement. he proceeds will be deployed in public sector projects, which help in reducing the carbon intensity of the economy, it said. “Accordingly, it was notified in the half-yearly issuance calendar for marketable dated securities for the second half of the fiscal year 2022-23 on September 29, 2022 that SGrBs for an aggregate amount of Rs 16,000 crore would be issued. “The Government of India has since issued the Sovereign Green Bond Framework on November 9, 2022,” it said. These green bonds would be available in 5-year and 10-year tenure, it said.

Share post:

Popular

More like this
Related

MAARGAN MOVIE REVIEW; Vijay Antony’s ambitious thriller lacks the punch it promises

Cast: Vijay Antony, Ajay Dhishan, Brigida Sagar, Prithika, Archana,...

‘Kannappa’ movie review: This grand retelling of a devotional tale lacks soul

Starring : Vishnu Manchu, Mohan Babu, Prabhas, Mohanlal, Akshay...

CM Revanth Reddy Sets $1 Trillion Economy Goal for Telangana

Hyderabad, June 2: On the occasion of Telangana State...

Telangana Proposes 370-Km Regional Ring Railway to Boost Statewide Connectivity

New Delhi, May 24: In a bid to transform...