India's green bond auction fully sold, drawing strong demand with top underwriting fees.

The Reserve Bank of India concluded an underwriting auction on October 31, 2025, for Rs 32,000 crore in government securities, including a sovereign green bond. All four securities—two dated bonds and two others, including the green bond—were fully underwritten. The green bond, with a 6.98% coupon, drew the highest underwriting commission rate at 1.50 paise per Rs 100, indicating strong market demand. Other rates were 0.15 paise for the 2028 bond, 0.30 paise for the 2032 bond, and 0.67 paise for the 2055 bond. The auction, part of the Additional Competitive Underwriting process, saw full fulfillment of notified amounts by Primary Dealers.