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, according to a senior finance ministry official.
The official said the fund requirements of CPSEs are being worked out and the third tranche of the exchange-traded fund (ETF) will be launched by the end of the calendar year.
ADVERTISEMENT
“We are finalising on the amount to be raised but it would be over Rs 10,000 crore,” the official said.
Bharat Bond ETF is an exchange-traded fund that invests in debt of public sector companies. The ETF currently invests only in “AAA”-rated bonds of public sector companies.
