The Reserve Bank of India (RBI) has issued a calendar to mop up ₹200 billion (~$2.36 billion) in four equal tranches of sovereign green bonds in the second half of fiscal year 2024-25. The first tranche of ₹50 billion (~$592 million) will be open for subscription between November 25 to 29, 2024. It will have a 10-year tenor. The second tranche will be open for subscription between December 9 and 13 and will have a 30-year tenor. The third tranche will have a 10-year tenor and will be open for subscription between January 27 and 31, 2025, and the fourth tranche will have a tenor of 30 years from February 17 to 21, 2025. The RBI may exercise the greenshoe option of up to ₹20 billion ($~236.67 million) against each of the four green bond auctions.