The Sovereign Green Bonds framework was announced on November 9, 2022, and is set to be put into action today with the central government launching bonds in two tranches with an aim to raise Rs 16,000 crore within a month.
Two private lenders and one state-run bank have tapped the market to raise funds using these bonds in this period. Last week, the nation's largest lender State Bank of India raised Rs 100 billion ($1.22 billion) in the largest such issue.
The government bought back 6.18% bonds maturing in 2024 worth 226.10 billion rupees ($2.78 billion) at a price of 98.62 rupees while it issued 8.28% 2032 bonds worth 210.26 billion rupees to the RBI at 106.05 rupees, the release showed.
