RBI announces green bonds, to be auctioned in 2 parts of Rs 8,000 cr each

The proceeds from the bonds will be deployed in public sector projects which help in reducing the carbon intensity of the economy, said RBI

The Reserve Bank of India (RBI) on Friday announced that it will be issuing Sovereign Green Bonds (SGrBs), which will aim at mobilising resources for green infrastructure. In line with the country's target to reduce carbon emissions, the RBI will auction SGrBs of Rs 16,000 crore in two tranches of Rs 8,000 crore each in January and February, the central bank said in a notification.

The RBI will auction 5-year and 10-year green bonds worth Rs 4,000 crore each on 25 January and on 9 February, and this would be a uniform price auction, the central bank said.

According to