Rupee-denominated Social Bonds

Recently, the National Bank for Agriculture and Rural Development (NABARD) issued India’s first ‘AAA’ rated Indian Rupee-denominated Social Bonds.

  • The bonds issued privately to eligible institutional investors got listed on the Bombay Stock Exchange (BSE) on September 29, 2023.
  • The bonds of five-year tenure were issued privately to eligible institutional investors.
  • They are redeemable, taxable, non-convertible, non-priority sector, unsecured, and social securities of face value Rs.1 lakh each.
  • The base issue size of the social bonds was Rs.1,000 crore, with an option to retain oversubscription up to Rs. 2,000 crores, thereby aggregating up to Rs. 3,000 crores.
  • The bonds have been rated AAA rating by ....
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.
Be an Annual Subscriber

Current Affairs