Macro Updates
RBI and the finance ministry are chalking out a plan to roll out the next tranches of sovereign green bonds in FY 2023-24, where the government can get a ‘greenium’ – a discount on the yield that a green bond offers over the traditional G-secs. The cut off yield on a green bond is about 2-3bps lower than than G-sec of a similar maturity. In January and February 2023, the government has mobilized Rs 16,000 crore through two tranches.
March 9, 2023