Context:
The ₹5,000 crore auction of the new Sovereign Green Bond (SGrB) of 30-year tenure sailed through on Friday.
Highlights:
- There were 98 competitive bids registered by the Reserve Bank of India, which amounted to ₹15,160 crore, along with three non-competitive bids aggregating to ₹1.351 crore.
- The central bank accepted 31 competitive bids aggregating ₹4,998.649 crore and non-competitive bids aggregating to ₹1.351 crore.
Know about: Green Bonds
Also read: Fund raises through Green Bonds