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bharat bond: Bharat Bond: Government eyes over Rs 10,000 crore by December – Times of India


NEW DELHI: The government is likely to launch the next tranche of the Bharat Bond ETF by December and expects to raise over Rs 10,000 crore to fund growth plans of central public sector enterprises (CPSEs), according to a senior finance ministry official. The fund requirements of CPSEs are being worked out and the third tranche of the exchange-traded fund (ETF) will be launched by December, the official added.
Bharat Bond ETF invests in debt of public sector companies. The ETF currently invests only in ‘AAA’-rated bonds of public sector companies. The funds raised through the debt ETF helps in smoothening borrowing plans of the participating CPSEs or public sector banks. It also helps them in meeting their capital expenditure needs. The second tranche of the Bharat Bond ETF, which was launched in July 2020, was oversubscribed more than three times, collecting about Rs 11,000 crore.





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