New Delhi, May 6 -- According to the latest CEEW Centre for Energy Finance (CEEW-CEF) Market Handbook, the government auctioned sovereign green bonds worth Rs 20,000 crore in FY24, marking a 25 per cent rise compared to Rs 16,000 crore issued in the previous fiscal year.
The sovereign green bond offerings in FY24 included tenures of 5 years, 10 years, and 30 years, with coupon rates ranging from 7.24 per cent to 7.37 per cent. All the green bond auctions were oversubscribed, indicating robust investor demand for these instruments.
The proceeds from these bonds are deployed in public sector projects, focusing on sectors such as clean transportation, renewable energy, and sustainable water management, the CEEW-CEF handbook noted.
This ...