Everything you need to know about Sovereign Green Bonds

Bonds
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@Meher_Smaran - Are these available to Retail Folks as well. If Yes, where and how to invest

TIA

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They are. You can invest in SGrBs through Coin just like G-Secs. First issue of SGrBs opens for subscription on 25th January: Issuance calendar for Sovereign Green Bonds (SGrBs)

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Since…

It is going to be interesting to see at what yield these securities going to be listed compared to 5Y & 10Y GSec?
Anyone knows what is global trend for Green Bonds in terms of yield compared to similarly rated normal bonds? Is it less , equal or more?

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Looks like war bonds sold during WWII in US :face_with_spiral_eyes:

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I can’t see in the coin … what time will it be available ?

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This tranche of SGrBs is not available on the non competitive bidding platform because the exchnages weren’t ready. Should be available from next issue onwards and will be available on Coin too.

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@Meher_Smaran @ShubhS9 are there only 2 tranche available for soveregin-green-bonds? i see in the calender till 9th Feb 2023 only.

Also, the same soveregin-green-bonds are listed in january are they part of pledge securities?

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Yes, currently there are only two tranches announced.

These are not listed on the exchanges yet. You will be able to pledge once these are approved for pledging by the Clearing Corporation.

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Whats the expected return on these bonds

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The cut-off yield for the Green Bonds issued on 25th January was 7.1% for the 5-year and 7.29% 10-year bond: Press Release

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Paid half yearly?

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Yes, the interest is paid semi-annually and will be credited directly to your primary bank account.

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since next tranche opening up tomorrow , does zerodha / coin providing any provision to buy ?

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Also , According to you will it considered under cash component ( for collateral )

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Hi … Still not able to see them in zerodha

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@Meher_Smaran The last tranche was on 9th feb… any idea for next tranche? And will it be available on coin?

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@Meher_Smaran @ShubhS9

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Hi @pankushri, RBI hasn’t yet released schedule for further issues of Sovereign Green Bonds, will update it on this post when they do: Issuance calendar for Soveregin Green Bonds (SGrBs)

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I can see them open in zerodha right now.
Can they be pledged ? If yes, which component?

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Yep, SGrBs can be pledged and are considered as cash equivalent.

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