Bharat Bond ETF: Govt to use greenshoe option, retain excess subscription

The government has decided to exercise the greenshoe option and retain the excess subscription received in both the three- and 10-year series of the Bharat Bond Exchange-Traded Fund (ETF).
 
The three-year category received applications for units worth Rs 6,982 crore, an over-subscription of 2.3 times against an issue size of Rs 3,000 crore. The ten-year category received Rs 5,413 crore, or 1.4 times the issue size of Rs 4,000 crore.
 
With about 55,000 applications received, the new fund offering saw robust retail participation with strong support from digital channels.
 
The ETF opened on December 12. On the