New Delhi: The government is likely to launch the next stage of Bharat Bond ETF in December and hopes to collect more than 10,000 crore Rs to fund the planned growth of the Central Public Sector Company (CPSES), according to senior Ministry of Finance officials.
CPSES fund requirements are being worked on and the third tranche of the funds traded (ETF) will be launched in December, officially added.
Bharat Bond ETF invests in debt of public sector companies.
ETF is currently only investing in ‘AAA public sector bonds’.
Funds raised through ETF debt help in facilitating the Public Sector Public Loan Plan or Bank participating.
It also helps them in meeting their capital expenditure needs.
The second tranche from Bharat Bond ETF, which was launched in July 2020, excess subscribing to more than three times, collecting around RS 11,000 Crore.
Bharat Bond: The Government oversees Rs 10,000cr in December
