- The Reserve Bank of India has announced that first Sovereign Green Bonds (SGrBs) would be issued in two tranches for an aggregate amount of Rs 16,000 crore.
- The proceeds will be utilised for funding public sector projects seeking to reduce carbon emissions.
- The first auction would be done on January 25, 2023 while the second on February 9, 2023
- SGrBs will be issued through uniform price auction and 5% of the notified amount of sale will be reserved for retail investors
Posted inEconomy