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    Question

    According to the IFSCA Circular on Sovereign Green Bonds

    (SGrBs) Trading and Settlement (September 2024), which of the following is responsible for handling coupon payments and redemptions in USD for SGrBs?
    A IFSC Banking Units (IBUs) Correct Answer Incorrect Answer
    B Authorized Depository Correct Answer Incorrect Answer
    C RBI Correct Answer Incorrect Answer
    D Clearing Corporations Correct Answer Incorrect Answer
    E Authorized Broker-Dealers Correct Answer Incorrect Answer

    Solution

    The circular specifies that the authorized depository will handle coupon payments and redemptions in USD for Sovereign Green Bonds, with the INR equivalent provided by the RBI.

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