News From Press Bharat Bond ETF oversubscribed 6 times against base size of Rs 1,000 cr

Bharat Bond ETF oversubscribed 6 times against base size of Rs 1,000 cr

Source: Economic Times Dec 10, 2021

The Finance Ministry on Thursday said the third tranche of Bharat Bond ETF was oversubscribed 6.2 times against the base issue size of Rs 1,000 crore. Bharat Bond ETF is an exchange-traded fund that invests in the debt of public sector companies. The ETF currently invests only in 'AAA' rated bonds of public sector companies.

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