New Delhi, Jul 17 (PTI) The second tranche of Bharat Bond ETF was over-subscribed more than 3 times, collecting around Rs 10,000 crore.

Bharat bond ETF was launched on July 14 and closed on Friday. The base issue size was Rs 3,000 crore and a green-shoe option of Rs 11,000 crore, taking the total size to Rs 14,000 crore.

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"The second series of Bharat Bond ETF received an outstanding response, oversubscribed more than 3 times, estimated collection around Rs 10,000 crores with wide participation across categories," Secretary DIPAM (Department of Investment and Public Asset Management) said in a tweet.

It said the final collection numbers are still being tallied and will be released by Monday.

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Bharat Bond ETF with a fixed maturity of 3 years and 10 years, had fetched about Rs 12,400 crore from its debut offer in December 2019.

The ETF currently invests only in 'AAA' rated bonds of public sector companies.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)