ARTICLE · 13 NOVEMBER 2024

AKP Banking & Finance Digest- November 11, 2024

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The Reserve Bank of India ("RBI") has announced that Sovereign Green Bonds with a 10 (ten) year tenor, issued in the second half of Financial Year 2024-25

IndiaFinance and Banking

1. Regulatory Updates

1.1. India

1.1.1. Non-Residents can invest in sovereign green bonds

The Reserve Bank of India ("RBI") has announced that Sovereign Green Bonds with a 10 (ten) year tenor, issued in the second half of Financial Year 2024-25, will be included under the 'Fully Accessible Route' ("FAR") for non-resident investments. This allows non-resident investors unrestricted access to these bonds, as with other eligible Government Securities specified under FAR since its initiation in 2020. The decision follows the issuance calendar for Sovereign Green Bonds outlined in September 2024, aiming to increase participation in sustainable financing. The directive takes effect immediately under Section 45W of the RBI Act, 1934. RBI

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