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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

Trading and Settlement of Sovereign Green Bonds (SGrBs) in IFSC

24-Sep-2024 | IFSCA/CMD/SGrB/2024-25/1

IFSCA has issued a circular regarding Trading and Settlement of Sovereign Green Bonds (SGrBs) in IFSC, effective from 24th September 2024.

The circular is issued in reference to the Scheme for Trading and Settlement of Sovereign Green Bonds in the International Financial Services Centre in India introduced by Reserve Bank of India. The scheme will facilitate easier access for non-resident investors to invest and trade in Sovereign Gold Bonds through IFSC, enhancing global climate capital flows into India.

Key highlights of circular-
1. The recognised stock exchanges at IFSC are required to provide an electronic platform for the placement of bids by eligible investors to participate in the primary auction conducted by RBI.
2. Definition of eligible securities, eligible market infrastructure institutions (MIIs), eligible participants, eligible investors, eligible IBUs are provided.


For more information, kindly refer to the attached circular.

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