Govt to retain over-subscription in both offerings of Bharat Bond ETF

Both three-year and ten-year series received bids in excess of the base issue size

The government has decided to exercise the green-shoe option and retain the excess subscription received in both the three-year and ten-year series of the Bharat Bond ETF.

The three-year category received applications for units worth Rs 6,982 crore, an over-subscription of 2.3 times against issue size of Rs 3,000 crore. The ten-year category received Rs 5,413 crore, or 1.4 times the issue size of Rs 4,000 crore.

With approximately 55,000 applications received, the new fund offering saw robust retail participation with strong support from digital channels.

The ETF opened on December 12. On the first day, institutional investors participated to build the anchor