ROADMAP FOR SOVEREIGN GREEN BOND TRANCHES IN FY24
The finance ministry and Reserve Bank of India are trying to work out how to place the next tranches of sovereign green bonds in FY24 in order to command a higher ‘greenium’ than the low 2-4 basis points (bps) discovered in the latest tranche in February. The ‘greenium’ is the discount on the yield that the sovereign green bond commands over traditional government securities (G-Secs).
Analysts have suggested the government put out a regulatory mandate for financial institutions that would require them to invest a portion of their assets in such bonds. This, they believe, could be one way to generate demand for green bonds at relatively high greeniums.
For the first time, the Centre mobilised Rs 16,000 crore through two tranches of green bonds in January-February. The cut-off yield on the bonds — 5-year and 10-year papers — was 2 to 4 bps lower (greenium) than traditional G-Secs of comparable maturity in the second tranche of Rs 8,000 crore on February 9.
هذه القصة مأخوذة من طبعة March 09, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 09, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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