Bharat Bond ETF may fetch up to Rs 15,000 cr, launch likely in two series

Fund to be launched in two series with greenshoe option on Thursday

The issue of the Bharat Bond Exchange-Traded Fund (ETF) is set to hit the markets on December 12, with public sector undertakings (PSUs) included in the ETF looking to raise as much as Rs 15,000 crore, according to sources close to the finance ministry.  

 The book will open on December 12, and close on December 20. The net asset distribution will happen after five days. So, it will start trading from December 25-26 on the bourses, said sources.   

The ETF will be launched in two series. For the three-year ETF, mobilisation will be up to Rs 5,000 crore, which includes Rs