India to Join Sovereign Green Bond Club With $2 Billion Issuance
- India to sell bonds in two tranches of 80 billion rupees each
- First green bond auction to take place on Jan. 25: RBI
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India’s government will offer 160 billion rupees ($1.9 billion) of green bonds in its debut issuance as Prime Minister Narendra Modi steps up efforts to transform the fossil-dependent nation.
The government plans to offer bonds in two tranches of 80 billion rupees each in auctions due on Jan. 25 and Feb. 9, according to a statement from the Reserve Bank of India.