RBI Reissues Sovereign Green Bonds ‍for ⁣Sustainable Projects

‍ Updated June 10, ​2025
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The Reserve Bank of India (RBI) will reissue sovereign green bonds (SGrBs) totaling ₹30,000 crore‍ through a government securities (G-Secs) auction on June 13, 2025. The offering includes ₹5,000 crore ⁣in‍ 6.98% ‌SGrBs maturing in 2054, the⁢ RBI announced Monday.

these sovereign ‌green‍ bonds are designed ‍to finance environmentally sustainable projects, ⁣channeling funds into renewable energy, clean transportation, and sustainable water‌ management. The⁣ initiative ⁤aims to foster climate-conscious growth and attract environmentally-focused‍ investors.

In addition to the green bonds, the auction will feature the reissuance ​of ₹11,000 crore in⁢ 6.79% government​ securities maturing in 2031 and ₹14,000 crore in 7.09% securities maturing in 2074.

The ‍auction will utilize a multiple price method via the RBI’s e-Kuber ​platform. Non-competitive bids are due between 10:30 a.m. and 11:00 a.m., ⁣while competitive bids‌ must be submitted between 10:30 a.m. and 11:30 a.m. on June 13.

Results ​will be⁤ announced the same day, with payments due from prosperous ⁣bidders on ⁤June 16, 2025. The government retains the option to ⁣accept an additional ₹2,000 crore against each security. “When Issued” trading will be permitted from June 10-13.

Primary Dealers can⁢ submit underwriting bids for⁢ the Additional‌ Competitive Underwriting (ACU) portion between 9:00 a.m. and 9:30 a.m. on the auction​ day.

What’s next

the re-issuance of these sovereign green bonds underscores the government’s dedication ⁢to funding green infrastructure and sustainability projects, aligning with India’s broader environmental ⁣and⁤ economic ⁣objectives.