India Inc may turn to green bonds to fund sustainable projects

In an emerging class of debt, India is set to see a flush of green bond issues in the months to come.

YES Bank and Export Import Bank of India (Exim Bank) were among the first to kick-start the green infrastructure bond market in India this year.

Private sector lender YES Bank has raised ?1,000 crore ($160 million) through its green infrastructure bonds with a tenure of 10 years to fund renewable energy projects such as solar, wind and biomass projects.

State-owned Exim Bank raised $50 million (about ?3,100 crore) through a five-year green bond issue in March. The Eurodollar Green bond issue was priced 147.50 basis points over the US Treasuries at a fixed coupon of 2.75 per cent per annum.

continue reading


You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *