Govt to issue overseas sovereign bonds in tranches: FinMin official

Govt to go ahead with plan following wider consultations: Official

The government will go ahead with its plan to issue overseas sovereign bonds. It will do so in tranches after wider consultations with all the regulatory and market stakeholders, a senior finance ministry official said on Thursday.

The official said the first tranche is unlikely to be ‘humongous’, even as discussions on the shape and structure of the bonds are still being discussed. The official also said that overseas bonds will be issued in different tenors — from those with a five- to seven-year maturity to long-term bonds above 20 years.

“There needs to be credibility around the government. The