RBI details maiden sovereign green bond sales worth Rs 16,000 cr

Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9

The Reserve Bank of India (RBI) on Friday notified an indicative calendar for the first ever sales of sovereign green bonds, with total issuances of such securities pegged at Rs 16,000 crore in the current financial year.

The first auction of sovereign green bonds worth Rs 8,000 crore, which will take place on January 25, includes Rs 4,000 crore worth of 5-year sovereign green bonds and Rs 4,000 crore worth of 10-year sovereign green bonds.

The next auction worth Rs 8,000 crore, which is scheduled February 9, also consists of Rs 4,000 crore worth of 5-year sovereign green bonds and