RBI will issue two 8,000 crores ($1 billion) tranches of green bonds

The first Sovereign Green Bonds (SGrBs) will be issued in three instalments of 8,000 crores each on January 25 and February 9, the RBI said on January 6, 2023.

According to a statement from the Reserve Bank of India (RBI), the funds will be used for public sector projects that lower the economy’s carbon output.

As stated in the Union Budget 2022–2023, the Government of India will issue Sovereign Green Bonds (SGrBs) as a component of its total market borrowings in order to raise money for green infrastructure.

This news is written by Ms. Pujari Dharani, Research Assistant, All India Legal Forum.

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