India’s first-ever Euro Green Bond
On 13th September, 2021, Power Finance Corporation Ltd (PFC) issued its maiden Euro Green Bond of £300 million (~$353 million) under the U.S. Global Medium Term Note Program.
- It is the first-ever Euro denominated Green bond issuance from India.
- Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro bond issuance from India since 2017.
About Green Bond
- A green bond is a fixed-income instrument designed specifically to support specific climate-related or environmental projects.
- Green bonds work just like any other corporate or government bond.
- Borrowers issue these securities in order to secure financing for projects that will ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 India’s Renewable Energy Capacity Crosses 200-GW Mark
- 2 New Guidelines to Boost India’s Seaweed Industry
- 3 India’s Hunt for Critical Minerals
- 4 Scheme Guidelines for ‘Innovative Projects’ under PM-Surya Ghar Yojana
- 5 Impact of DFCs on Indian Economy
- 6 IAPH Recognises Mormugao Port as an Incentive Provider
- 7 SEBI Proposes New Rules for Securitisation Activities
- 8 ANNA DARPAN: Modernizing Supply Chain Management System
- 9 21st Livestock Census Launched
- 10 National Mission on Edible Oils – Oilseeds
