India plans ₹15,000cr sovereign green bond
India’s government plans to raise about ₹15,000 crore via Sovereign Green Bonds in H1 FY27, signalling continued fiscal use of labelled debt to fund sustainable projects. That size of issuance points to growing domestic demand for sovereign‑backed green instruments. (x.com/livemint/status/2038979517654663569)
Gross market borrowing for FY27 was revised down to ₹16.09 lakh crore from the Budget estimate of ₹17.20 lakh crore after switching operations, and the government plans to raise ₹8.20 lakh crore in H1 via 26 weekly auctions. (dea.gov.in) The Issuance Calendar covers April 1 to September 30, 2026, and shows sovereign dated securities scheduled across multiple weeks and tenors. (dea.gov.in) The calendar explicitly lists 30‑year sovereign green bond slots in the April 20–24 and June 15–19 auction weeks (each ₹5,000 crore in the detailed schedule). (dea.gov.in) The planned tenor mix allocates borrowing as follows: 3‑year 8.1%, 5‑year 15.4%, 7‑year 8.1%, 10‑year 29.0%, 15‑year 14.5%, 30‑year 7.3%, 40‑year 8.0% and 50‑year 9.6%. (dea.gov.in) The government reserved a greenshoe option to retain up to an additional ₹2,000 crore against each auctioned security and set the Ways and Means Advances (WMA) limit for H1 at ₹2.50 lakh crore. (dea.gov.in) India’s sovereign green bond programme debuted with two tranches in January–February 2023 that together drew strong demand and priced inside the curve, and subsequent sovereign green auctions have mobilised tens of thousands of crores (government reporting shows total SGrB mobilization figures reported in budget documents). (reedsmith.com)
