RBI to issue sovereign green bonds for mobilising resources for green infrastructure

The Government of India, as part of its overall market borrowings, will be issuing sovereign green bonds to mobilise resources for green infrastructure, as announced in the Union Budget 2022-23. The sovereign green bonds will be issued in two tranches of Rs 80 billion each. Each tranche will include Rs 40 billion worth of five-year sovereign green bonds and

Rs 40 billion worth of 10-year sovereign green bonds. The proceeds will be deployed in public sector projects that will help reduce the carbon intensity of the economy. Accordingly, it was notified in the half-yearly issuance calendar for marketable dated securities for the second half of 2022-23 that sovereign green bonds for an aggregate amount of Rs 160 billion would be issued.