GIFT City may see sovereign green bond trade from H2: FinMin sources
The Free Press Journal|May 23, 2024
Trading of sovereign green bonds is likely to start in International Financial Services Centre at the Gujarat International Finance Tec-City in Gandhinagar in the second half of the fiscal year started April, two finance ministry officials said.
GIFT City may see sovereign green bond trade from H2: FinMin sources

The launch entails a host of changes in process and norms that are currently being worked upon, they said.

"Since the bonds will be denominated in rupee but will be traded in dollar, the process of issuance, process of trading, the process of redemption, for principal, for interest... the entire scheme has to be developed," one of the officials said.

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