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First ever sovereign green bond auction lapped up at lower-than-mkt yields

PSU banks, insurers show firm demand at sale, traders say; FPIs likely bought 700 crore after auction

Topics
Green bonds | sovereign bonds

Bhaskar Dutta  |  Mumbai 



Green bonds
The cutoff yield for the five-year paper was set at 7.10 per cent

The government’s first ever sale of was greeted with strong demand by investors, with the securities being issued at lower yields than those prevailing on regular of comparable maturity.

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First Published: Wed, January 25 2023. 18:42 IST

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