RBI to issue green bonds in two tranches of Rs 8,000 crore each. The Reserve Bank of India (RBI) will issue Sovereign Green Bonds worth Rs 8,000 crore each in two tranches on January 25 and February 9. The proceeds will be deployed in public sector projects which help reduce the economy’s carbon intensity. The RBI will sell two bonds maturing in five years and 10 years worth, Rs 4,000 crore each, at every auction. Sovereign green bonds will be issued through Uniform Price Auctions. 5 per cent of the notified amount of sale will be reserved for retail investors and it will be eligible for Repurchase Transactions (Repo). These bonds will be reckoned as eligible investments for Statutory Liquidity Ratio (SLR) purposes. In the second half borrowing calendar, the government announced raising Rs 16,000 crore through sovereign green bonds, which will be part of the overall Rs 5.92 lakh crore borrowing in the second half.