Bharat Bond ETF raises over Rs 12,000 cr, oversubscribed 1.7 times

Sources said the offer saw strong response from retail investors, HNIs and NRIs

Bharat Bond Exchange Traded Fund (ETF), which is the country's first corporate bond ETF, has raised over Rs 12,000 crore through its new fund offer (NFO), getting an oversubscription of 1.7-times over its base issue of Rs 7,000 crore.

The ETF, which was launched on December 12, was floated in two series. For the three-year ETF, the mobilisation plan included Rs 3,000 crore of issue size and Rs 2,000 crore of greenshoe option. For the 10-year series, it included Rs 4,000 crore issue size, along with Rs 6,000 crore of greenshoe option.

According to sources, the government will take a call on