Government of India has announced an issuance of Sovereign Green Bonds FY 2022-23.

Government of India has announced an issuance of Sovereign Green Bonds FY 2022-23.

The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.

The proceeds will be deployed in public sector projects which help in reducing the carbon intensity of the economy.

Government will issue SGrBs for an aggregate amount of ₹16,000 crore.

Government will issue SGrBs for an aggregate amount of ₹16,000 crore.

SGrBs will be issued through Uniform Price Auction in two tranches.

SGrBs will be issued through Uniform Price Auction in two tranches.

First auction is scheduled on January 25, 2023 for amount of 8000 crores.  

First auction is scheduled on January 25, 2023 for amount of 8000 crores.  

Second auction is scheduled on February 09, 2023 for amount of 8000 crores.

Second auction is scheduled on February 09, 2023 for amount of 8000 crores.

Security-wise Allocation: i) 05 Year SGrB for ₹4,000 crore  ii) 10 Year SGrB for ₹4,000 crore 

Security-wise Allocation: i) 05 Year SGrB for ₹4,000 crore  ii) 10 Year SGrB for ₹4,000 crore 

Five per cent of the notified amount of sale will be reserved for retail investors. 

Five per cent of the notified amount of sale will be reserved for retail investors.