Sovereign green bond issue of ₹5,000 crore fails to enthuse investors

The Reserve Bank of India accepted bids for just a third of the '5,000-crore green sovereign bonds, reflecting weak demand. Primary dealers had to absorb the rest, and poor retail investor interest continues despite recent rule relaxations for NRIs and foreign investors. Lack of mandates for sustainable finance and small issuance size add to the unattractiveness.