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

Bhaskar Dutta | Mumbai
Last Updated at January 25, 2023 23:24 IST

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

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

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