India’s 8000 crore green bonds debut today to see strong demand
According to the report, an encouraging response to the first sale is likely reflected in a price premium or “geranium” to the prevailing levels of the related conventional Treasuries.
Primary Treasury Green Bonds will be auctioned off on Wednesday. The bloc will issue green bonds totaling Rs 8,000 trillion, including 5-year green bonds worth 4,000 trillion and 10-year green bonds worth 4,000 trillion, BS said.
The central government will also hold an auction of 8,000 trillion green bonds on February 9, bringing the total issuance to 16,000 trillion in fiscal year 23, the report said.