new delhi the third tranche of bharat bond etf through which the government is looking to raise over rs 10000 crore will open for subscription on december 3 an official close to the development said on mondaythe subscription will be closed on december 9 further the base size of the issue will be rs 1000 crore with an open green shoe option the official addedbharat bond etf is an exchangetraded fund that invests in the debt of public sector companies currently the etf invests only in aaarated bonds of public sector companies edelweiss asset management is the fund manager of the schemethe funds raised through the debt etf helps in smoothening borrowing plans of the participating cpses or public sector banks it also helps them in meeting their capital expenditure needsthe scheme information document sid has already been filed with the capital markets regulator sebithe latest tranche comes after the successful launch of the initial series of the etf in december 2019 and second series in july 2020the second tranche of the bharat bond etf was oversubscribed more than three times collecting about rs 11000 crore it had fetched about rs 12400 crore in its debut offerthe bharat bond etf offered maturity options of five and 12 years in its second tranche while in the first tranche maturity options were for three and 10 yearslast month a senior official in the finance ministry had told pti that the government is expecting to raise over rs 10000 crore through the third tranche to fund growth plans of central public sector enterpriseswe are finalising on the amount to be raised but it will be over rs 10000 crore the official had saidas of octoberend total assets under management of bharat bond etf was at over rs 36000 crore