GREEN BOND

RBI Devolves 70% New Green Bonds At 6.78%-6.84%, Cutoff Below 10-Year Note

The Reserve Bank of India (RBI) recently sold 15 billion rupees ($177.53 million) worth of 10-year green bonds, offering a coupon of 6.79%. However, the central bank was forced to devolve nearly 35 billion rupees worth of bonds, marking the first such devolvement since February 2023. Devolvement occurs when primary...