The Reserve Bank of India (RBI) on November 07, 2024, issued a notification regarding the ‘Fully Accessible Route’ for Investment by Non-residents in Government Securities – Inclusion of Sovereign Green Bonds.
On the issuance calendar for marketable dated securities for October 2024 to March 2025, has announced that Sovereign Green Bonds with a 10-year tenor issued in the second half of FY 2024-25 will be designated as "specified securities" under the Fully Accessible Route (FAR). Introduced in March 2020, the FAR allows certain categories of Central Government securities to be fully accessible to non-resident investors without restrictions, alongside domestic investors. This inclusion follows prior notifications on eligible FAR securities, with directions under Section 45W of the RBI Act, 1934, and is independent of any other required legal approvals.
[Notification No. RBI/2024-25/88]
