Comments
The RBI has decided to permit eligible foreign investors in the International Financial Services Centre (IFSC) to also invest in Sovereign Green Bonds (SgrBs). This is with a view to facilitating wider non-resident participation in SgrBs.
At present, foreign portfolio investors (FPIs) registered with SEBI are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities.
- Also Read: RBI retains 7% growth forecast for FY25
A scheme for investment and trading in SGrBs by eligible foreign investors in IFSC will be notified separately in consultation with the Government and the IFSC Authority.
Based on an announcement in the Union Budget for FY23, the Government of India (GoI) issued Sovereign Green Bonds (SGrBs) in January 2023. SGrBs were also issued as part of the Government borrowing calendar in FY24.
The issuance of Sovereign Green Bonds by the GoI is aimed at tapping the requisite finance from potential investors for deployment in public sector projects and reduce the carbon intensity of the economy.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.